How Low Can Central Banks Go? JPMorgan Reckons Way, Way Lower
- ECB could cut to -4.5% and Fed to -1.3%, says bank in analysis
- Economists say `mistake' to underestimate monetary policy
What Are the Chances of Negative U.S. Rates by 2017?
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There are “no limits” to how far central banks can ease monetary policy.
That’s a recent declaration of both European Central Bank President Mario Draghi and Bank of Japan Governor Haruhiko Kuroda, who have joined their counterparts in Denmark, Sweden and Switzerland in embracing interest rates of less than zero.