IMF's Vinals: Negative rates are a net positive
Comments from the IMF's Jose Vinals after the release of the Global Financial Stability Report:
- There are limits to how low negative rates can go
- negative rates are useful for supporting growth
It's significant that the IMF is taking a position on negative rates. So far, the returns have been mixed. The endorsement from the IMF will allow countries to deploy rates for competitive devaluation without the risk of repercussions.
Other IMF comments.
- Brexit would undermine confidence in London as financial hub
- Would be a negative shock to UK and EU
- China needs more comprehensive strategy to corporate debt
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
