EDITORIAL: Fresh round of stimulus may not be a cure for coronavirus
While countries around the world might be mulling negative rates, fragile SA probably can't afford them
03 March 2020 - 05:10
It is apt that Sweden, a pioneer in the West when it came to the use of negative interest rates to ward off deflation as the global economic slowdown sparked by the financial crisis persisted, is debating the effectiveness of the strategy.
While there is still a debate about whether it succeeded in its primary goal of boosting consumer-price growth, at 1.2% in January, the rate was just twice the lowest level of 2015, when the central bank went into the unknown...
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