And JP Morgan too. This is an opinion piece on Bloomberg arguing that there's little evidence that central bank negative rates are proving harmful.
Worth a read, and comments welcome ,while we await a little more activity as Asian centres come online for the day.
- Monetary authorities do need to be mindful of the side effects
- there's little evidence that negative rates are proving harmful. Indeed, they might be more effective still if bankers passed them onto consumers more.
- Bankers are scathing about the overall policy … Such protests are obviously self-serving, though they're understandable too.
Here is the link if you are interested.
Rates are down there somewhere.
