Negative Rates “A War On Savers” Says MacquarieRupert Hargreaves
"Negative rates further disconnect savers from borrowers and are likely to discourage rather than encourage consumption and productive investment." That’s the view of Macquarie equity research analysts Viktor Shvets, Chetan Seth and Xiao Wen as expressed in a research note from the bank issued today titled, “Negative rates and the war on savers”.
Negative interest rates are now commonplace among developed markets. A policy experiment that started in Scandinavia and Switzerland to defend their currencies against the weakening euro has now spread to Euro itself and Japan, leaving only the US and UK (amongst developed nations) with positive policy . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible