Viñals supports negative interest rates in current climate

Viñals backs negative rates for the time being

Negative interest rates are a "net positive" in the current environment, according to the International Monetary Fund's (IMF) financial counsellor, noting that "the gains are bigger than the losses".

Speaking at the IMF's Spring Meetings today (April 13), Jose Viñals was questioned on the pros and cons of one of the latest additions to the monetary policy toolkit.

"In my judgement, negative interest rates are useful in relaxing monetary and financial conditions [...] they are no different from

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