- Interest rates are low, and “lower for longer” has become something of a mantra among policy makers, regulators, and other market watchers.
- Since 2012, a number of central banks introduced negative interest rate policies.
- At the time of introduction, many questioned whether negative interest rate policies would work as intended.
- The evidence so far indicates negative interest rate policies have succeeded in easing financial conditions without raising significant financial stability concerns.
For further details see:
The Evidence Is In On Negative Interest Rate Policies