IMF: Negative interest rates may be helpful, though risky
Several central banks have reportedly adopted negative interest rates in an attempt to boost consumer spending and investment. The IMF’s top officials expressed that the move would prove helpful, although adding that cash settlement would rise if rates remained below zero for too long.
Meanwhile, economists comment that negative rates could bring about a more cautious approach among businesses and consumers about spending.
The annual Spring Meetings of IMF will take place this week in Washington.
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