观点负利率

Negative rates are not the drama they seem
负利率并不可怕


普森:负利率只是又一种货币政策工具,对有些manbetx20客户端下载 体有用,对另一些manbetx20客户端下载 体不那么有用,不应该对它小题大作。

Ah, for the good old days of quantitative easing when central bankers agreed what needed to be done to spur economic growth. No longer. In Tokyo, Haruhiko Kuroda, Bank of Japan governor, has just reiterated that he will not rule out a “deepening cut” to the country’s negative interest rates. In contrast, Mark Carney, Bank of England governor, has announced he is “not a fan of negative rates” and Thomas Jordan, president of the Swiss National Bank, has reaffirmed his belief that its “current approach”, including negative rates, “is the right one”. Meanwhile, Janet Yellen, chair of the US Federal Reserve, told Congress in May that “while [she] would not completely rule out the use of negative interest rates”, they would be a last resort.

推行量化宽松政策的美好时光一去不复返了;当初央行行长们对于需要采取什么措施来刺激manbetx20客户端下载 增长看法一致。现在不再如此了。在东京,日本央行(BoJ)行长黑田东彦(Haruhiko Kuroda)刚重申,他不排除“进一步降低”该国负利率的可能性。相比之下,英国央行(BoE)行长马克•卡尼(Mark Carney)宣称,他“不是负利率的粉丝”,而瑞士央行(Swiss National Bank)行长托马斯•约尔丹(Thomas Jordan)重申,包括负利率在内的“当前做法是正确之举”。与此同时,美联储(Fed)主席珍妮特•耶伦(Janet Yellen)在今年5月向美国国会表示,“尽管(她)不会完全排除使用负利率的可能性”,但它们将是最后手段。

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