Oct
21
Deutsche Bank: Central Bank Interest Rates Haven’t Reached ‘Absolute Zero’ Yet
ByThe German bank’s analysts say that no central bank has cut rates as low as they can go just yet.
The Swiss experience shows it can work.
Source: Getty Images
Even with policy rates close to—or, in some cases, below—zero, central banks in advanced economies have plenty of firepower left.
In the monetary experimentation with negative interest rates, central banks have proven that the effective lower bound is not zero—and according to Deutsche Bank, no central bank has cut rates as low as they can go just yet…
Deutsche Bank: Central Bank Interest Rates Haven’t Reached ‘Absolute Zero’ Yet
