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IMF: Negative interest rates may be helpful, though risky

by ChemOrbis Editorial Team -
  • 11/04/2016 (16:30)
According to media reports, the International Monetary Fund (IMF) stated that negative interest rates introduced by six of the world’s central banks, including the European Central Bank and the Bank of Japan, would help deliver further monetary stimulus and ease financial conditions.

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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