The bank's decision in July to stop paying interest on overnight deposits has allowed the fall to continue by removing the 0.25 percent floor for the money market. (cnbc.com)
In exchange for selecting a -10 percent floor, contract holders benefit with a 11 percent cap in a rising market, as an example noted by the company. (insurancenewsnet.com)
Some still advocate sticking to a policy of nudging down interest rates further, such as by scrapping a 0.1 percent floor set on money market rates. (cnbc.com)