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Saturday, November 29, 2014

[text] Former Swedish Central Banker Says Riksbank Should Take Rates Negative



InformedTrades http://www.informedtrades.com/1879525-%5Btext%5D-former-swedish-central-banker-says-riksbank-should-take-rates-negative.html
http://www.businessinsider.com/r-aft...lusterStock%29



"Svensson disagrees, saying Sweden should go into negative rates - effectively charging banks to deposit funds at the central bank - to avoid the deflation which has trapped Japan in low economic growth punctuated by periodic recessions for more than a decade."From this point it is unlikely that the current policy at zero is enough," he told Reuters. "They should lower to -0.25 or even -0.50. The next meeting would be the natural time.""


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