Bank Of Japan’s Amamiya Says Central Banks Can’t Boost Minus Rate Effect With Digital Currencies

www.oann.com | 7/5/2019 | Staff
smilingbearsmilingbear (Posted by) Level 4
TOKYO (Reuters) – Bank of Japan Deputy Governor Masayoshi Amamiya on Friday brushed aside the idea that central banks can boost the effectiveness of negative interest rate policies by issuing digital currencies.

If central banks issue digital currencies and apply negative rates on them, households and companies will hold cash instead to...
(Excerpt) Read more at: www.oann.com
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