HAVE NEGATIVE SHORT TERM INTEREST RATES SET BY SOME CENTRAL BANKS BEEN BENEFICIAL TO THEIR ECONOMIES? AND, PARTICULARLY IN EUROPE, WILL THEY YIELD THE EXPECTED RESULTS?
As the new ECB Chairwoman Mme Christine Lagarde, prepares to comprehensively review the monetary policy position, no one expects any normalization process to begin any time soon, but the ECB is seemingly well aware of the side effects negative rates have on the economy.
And not only the pressure they apply on banks...
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