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IMF economists mount defence of negative interest rates despite controversy

But they say the ECB might need to look to other forms of monetary easing due to problems posed for banks

Published Thu, Aug 11, 2016 · 09:50 PM

Tokyo

THE introduction of negative interest rates some two years ago by the European Central Bank or ECB (and then by the Bank of Japan and the National Bank of Switzerland) has been an overall "success" despite the controversy it has generated, International Monetary Fund (IMF) economists said on Thursday.

In a blog published by the IMF, economists Andy Jobst and Huidan Lin acknowledge, however, that n…

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