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When the economy is in crisis, central banks take center stage. Central banks are charged with keeping prices stable and ensuring economic growth, among other responsibilities. To that end, they have a range of tools at their disposal, including controlling the supply of money, setting interest rates and regulating private lenders. But one idea being talked about as a way to shore up a shrinking economy has the potential to turn the way we think about money upside down. Negative interest rates. In June 2014, the European Central Bank began a great economic experiment. Faced with slow economic growth and inflation way below the banks target rate, the bank did something revolutionary. It began to charge a negative interest rate. To understand why this was so radical, its important to think about how interest rates work. Anyone lending money usually expects to be paid a fee, known as interest, to cover the risk or inconvenience of not having their cash to hand. We see this with banks pa