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Rate hike will remove uncertainty & distortion, says JP Morgan chairman

There has been too little debate about the cost of staying too long with negative real interest rates
Saturday, May 30, 2015 - 05:50

Singapore

THERE is too much public debate about the cost of exit from a zero interest rate policy and too little debate about the cost of staying too long with negative real interest rates, according to Jacob Frenkel, chairman of JP Morgan Chase International.

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