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Negative Interest Rate Skepticism Grows at the European Central Bank

  • Even staunchest defenders of negative rates are getting wary
  • Sweden’s Riksbank aims to exit policy by end of the year
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European banking executives comment on how negative rates are impacting their business.
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One of Christine Lagarde’s most important tools for stimulating inflation might be falling out of favor even before she gets to wield it as European Central Bank president.