Do Negative Interest Rates Actually Work?
Haruhiko Kuroda and Mario Draghi may be among the few economists who still think negative interest rates are a good idea. The Bank of Japan governor’s decision last month to charge banks on some excess reserves, a year and a half after his counterpart at the European Central Bank took a similar path, means that a quarter of the world economy is now in the sub-zero club. But what does this mean for investors? Bloomberg’s Jeff Black and Hermes Investment Management Chief Executive Officer Saker Nusseibeh analyse with Manus Cranny on “Countdown.”