As the howls of anguish at negative interest rates reach a crescendo, central bankers and prominent economists are still convinced that Europe’s financial sector would be even worse off were base rates above zero. Banks are increasingly vocal in their opposition to the policy. Are they right to believe the systemic risks are growing? And could a move away from negative rates hurt banks more than if the ECB kept them?
You must be a trialist or subscriber to view the full article.
Please log in or see below to Subscribe or take a Free Trial Logged in and seeing this message? Your access may have lapsed. Visit 'My account' for information.
FREE 30 DAY ACCESS
Online access to Euromoney.com, including daily coverage of the global financial markets