by Andrew Moran | Jan 9, 2020 | Articles, Economic Affairs News, International
In 2015, Sweden’s central bank – the Riksbank – announced that it would introduce subzero interest rates to stimulate the economy and boost inflation. Other jurisdictions followed suit, including Switzerland, Denmark, and the eurozone. After five years of running a...
by Andrew Moran | Nov 18, 2019 | Articles, Business News, Economic Affairs News, International, Politics, Social Issues, Trade
As Lewis Carroll wrote in Alice’s Adventures in Wonderland – which has turned out to be a handbook for central banks to devise monetary policy and the public to understand it – “If you drink much from a bottle marked ‘poison’ it is certain to disagree with...
by Andrew Moran | Sep 12, 2019 | Articles, Business News, Economic Affairs News, Politics
Central bankers worldwide seem to consider themselves omnipotent beings with the power and wisdom to dictate economies, socially engineer consumers to do their bidding, and make or break governments. The latest tool at their disposal is a negative interest rate policy...