Negative Rates and Other Central Bank Concerns
Mario Draghi has two stubborn adversaries -- low inflation everywhere, and low regard in Germany. He’s now extending his offensive on both fronts. A recovery in credit, and output proving resilient to global shocks, are buttressing the European Central Bank’s argument that the range of stimulus measures it bolstered only last month is working. Commerzbank Chief Economist Joerg Kraemer discusses this and news that BOJ officials are said to eye possible negative rate on loans and his view on possible Brexit impacts on the Bank of England. He spoke to Bloomberg’s Caroline Hyde in Berlin and “On the Move” host Guy Johnson in London.
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