Policy rates of less than zero seem to work more smoothly than many had feared. Even in countries such as Switzerland — where the benchmark deposit rate is minus 0.75 per cent — rates remain more than the much-discussed “lower bound”, below which their economic disadvantages start to outweigh their advantages.
低於0的政策利率似乎運行順利,好於許多人曾經擔憂的情況。就連在瑞士這樣的國家——該國的基準存款利率爲-0.75%——利率仍保持在廣泛討論的「下限」(如果利率低於「下限」,其經濟弊端將開始超過益處)以上。
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