Time to Get Positive about Negative Interest Rates

[kreslik.news]

It wasn’t that long ago that the notion of central banks adopting a policy of negative interest rates was unthinkable. How quickly times have changed.

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This month even International Monetary Fund head Christine Lagarde said that the recent introduction of negative interest rates by the ECB and Bank of Japan (BoJ) were “net positives” given the current circumstances.

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The economic realities of our post-financial crisis world have promoted no fewer than five developed market central banks ... (read more)