Senior IMF figures support nominal negative rates


Negative interest rates can deliver additional monetary stimulus to economies in need of higher growth, senior figures at the International Monetary Fund have "tentatively" argued. The comments came in an online post by José Viñals, Simon Gray and Kelly Eckhold.

Six central banks have adopted nominal negative interest rates, the authors note. The process began with the Danish National Bank in July 2012, while the Central Bank of Hungary was the latest to go negative, in March 2016. In between

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