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With recession looming, central banks better make peace with negative rates
By Sid Verma and Cecile Gutscher
Bloomberg News
Tuesday, August 14, 2017
Negative interest rates are back in the spotlight.
Investors and analysts are redoubling their warnings that with global borrowing costs already so low, central banks will need to be prepared to cut interest rates deep into negative territory in the next economic downturn. The message is taking on urgency as anxiety builds that the United States is nearing the end of its current economic expansion cycle.
"I don't think the central bankers would like to go back into negative rates once they get out of it, but they may well have to during the next recession," Iain Stealey, the head of global aggregate strategies at JPMorgan Asset Management in London, said in a Bloomberg TV interview Monday. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2017-08-14/central-banks-told-to...
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