Financial Leaders: Dangers of Negative Interest Rates
Thursday, 04 21 2016, Category: Financial, Country: World
The chorus of global financial leaders warning about the fallout from negative interest rates is getting bigger.
Nobuyuki Hirano, president of Mitsubishi UFJ Financial Group Inc., lambasted the Bank of Japan’s negative rates last week for putting banking stability at risk.
Mohamed El-Erian, chief economic adviser at Allianz SE and a Bloomberg View columnist, said in an interview with Frankfurter Allgemeine that the European Central Bank is attempting an “insane experiment” with negative rates.
Source: Insurance Journal