Why Many Monetary Policies Aren’t Made for Negative Rates

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. David Hunt, chief executive officer of Prudential Financial Inc.’s investment management unit, said many pension funds will struggle if they don’t shift away from traditional investments. Citigroup Director of European Research Christian Schulz discusses with Bloomberg’s Anna Edwards on “Countdown.”

Brexit Talks Turn to Irish Border
28:23 - Britain says it wants to avoid any physical border or customs checks with Ireland as part of a Brexit deal with the European Union. As tensions mount over the terms of the U.K.'s departure, the British government is due to publish a document fleshing out its proposals at noon. Bloomberg's Dara Doyle reports on "Bloomberg Markets: European Open." (Source: Bloomberg)
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