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Negative Rates Can Do a Lot More Damage Yet: Nordic Warning

  • $55 billion Ilmarinen fund says we’re just at start of cycle
  • Negative rates are now the norm across most of Nordic region
Norwegian Economy As World's Biggest Health Fund Hits £1 Trillion
Photographer: Kyrre Lien/Bloomberg
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After half a decade of negative interest rates, one of the biggest Nordic pension funds is wondering whether this is just the beginning.