https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Negative_interest_rate_policiesNegative interest rate policies - Revision history2026-05-11T23:15:08ZRevision history for this page on the wikiMediaWiki 1.40.0https://wiki.treasurers.org/w/index.php?title=Negative_interest_rate_policies&diff=33913&oldid=previmported>Doug Williamson: Create page. Sources: linked pages, BIS webpage https://www.bis.org/publ/cgfs63.pdf2020-06-08T21:26:45Z<p>Create page. Sources: linked pages, BIS webpage https://www.bis.org/publ/cgfs63.pdf</p>
<p><b>New page</b></p><div>''Central banks - monetary policy - unconventional monetary policy''.<br />
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(NIRP).<br />
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In response to the Global Financial Crisis some central banks set negative policy interest rates.<br />
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"They found that, overall, this strategy was effective... long-term yields adjusted downwards in line with expectations of future short-term rates, thus providing the desired expansionary stimulus. <br />
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Although side effects, such as the compression of bank interest margins, were detected, they have not posed a major problem for banking stability to date because of offsets from other sources of income and the eventual recovery of bank portfolio values, including [a reduction] in non-performing loans. <br />
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That said, the potential longer-term effects of a prolonged period of negative rates on intermediaries cannot be fully assessed on the basis of current experience."<br />
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''Source: 'Unconventional monetary policy tools: a cross country analysis'. Committee on the Global Financial System. October 2019''<br />
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== See also ==<br />
* [[Central bank]]<br />
* [[Committee on the Global Financial System]]<br />
* [[Effective lower bound]]<br />
* [[Forward guidance]]<br />
* [[Global Financial Crisis]]<br />
* [[Lending operations]]<br />
* [[Margin compression]]<br />
* [[Non-performing loan]]<br />
* [[Policy interest rate]]<br />
* [[Quantitative easing ]]<br />
* [[Reserve requirements]]<br />
* [[Sterling Monetary Framework]]<br />
* [[Supply side policy]]<br />
* [[Unconventional monetary policy]]<br />
* [[Zero lower bound]]<br />
* [[ZLB problem]]<br />
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[[Category:Accounting,_tax_and_regulation]]<br />
[[Category:The_business_context]]<br />
[[Category:Identify_and_assess_risks]]<br />
[[Category:Manage_risks]]<br />
[[Category:Cash_management]]<br />
[[Category:Financial_products_and_markets]]<br />
[[Category:Liquidity_management]]</div>imported>Doug Williamson