The Cashless Society Working party’s interim paper on “Benefits, risks and issues” explored the mechanics of Negative Interest Rate Policies. A number of countries have implemented NIRP, as well as other unconventional monetary policies.
What have we learnt to date? This addendum complements formal studies mostly dating from late 2017, with relevant news reports on 2018 Q1 and Q2 developments and commentaries:
- It defines the list of countries where a NIRP is in place.
- It provides an overview of key developments for the topic in Japan, Switzerland and the Eurozone.
- It introduces some essential messages from key reports on the implementation of NIRP.
Read the paper here