Why negative interest rates are mad, bad – and dangerous

The article published in the spectator by Connect Speakers Bureau economist Liam Halligan is very revealing.


Central banks’ latest wheeze may not boost growth, but it will have plenty of other consequences

Liam Halligan

27 August 2016

What should we think about negative interest rates? What kind of Alice in Wonderland world are we living in when companies and households are paid to borrow and charged if they save?

Seemingly crazy, negative interest rates are spreading nonetheless. Implemented by central banks in Europe, Japan and elsewhere, they now apply in countries accounting for a quarter of the global economy. Should we be worried? Could we see negative rates in Britain?

Read Spectator article

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