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The theoretical reason for introducing negative interest rates on the part of central banks is that extremely low interest rates will contribute to economic growth by pushing commercial banks to extend lending activities so as to avoid paying interest on excess reserves. This trend has now extended to government paper that helps to minimize the cost of the financing of government spending. The Fed is under pressure to support the economy and keep the recovery going. It might follow the examples of the EU and Japan. There is no clear exit strategy on how to