Nintendo cuts 'Animal Crossing: New Horizons' interest rates to boost virtual spending

Nintendo lowered the interest rate in "Animal Crossing: New Horizons" to 0.05% on Thursday, from 0.5%, Kotaku first reported.
Players received a letter from the game's Bank of Nook explaining the change. The letter included a rug shaped like a bag of bells.
The update was likely made to spur in-game spending and deter users from using a time-travel exploit to speed up interest payments.
The virtual rate cut follows similar policies around the world as central banks ease lending conditions to com