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Can interest rates fall below zero?

Modern banking as we know it is based on paying savers and charging borrowers. But could that be about to change?

It’s common in countries such as Switzerland and Japan to have negative interest rates; aimed to convince people to spend and invest rather save.

Martin Wolf asks: is this the right solution for the global economy?

First broadcast on How Low Can Rates Go? 21st July 2016

Release date:

Duration:

4 minutes

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