Sub-zero central bank rates should be welcomed, not lamented,Sandbu
Central banks unprecedented policies may well be a sign that things are not well; that is no reason to shoot the messenger.
Negative rates make the standard banking model impossible without negative rates on retail deposits.
Then logic compels us to expect either negative deposit rates or the end of banking.
Negative rates make the standard banking model impossible without negative rates on retail deposits.
Then logic compels us to expect either negative deposit rates or the end of banking.
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