IMF chomping at the bit to introduce negative interest rates. They'll take the money right out of your bank account if you don't spend it. "Negative rate policies remain politically controversial" is putting it mildly.

submitted by Chipit from blogs.imf.org

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[–]Chipit[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Benefits only those who are already wealthy. Surprise surprise.

[–]ImHereForFinance 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yes. Low interest rates benefit anyone with assets. At negative interest rate you can take a loan out on an asset , such as a house, they will pay you the full value of the asset and then you get to keep the house and only make payments that match or are less than inflation. That is why the rich keep getting richer with low interest rates. Problem is they decide your loan based on your assets. which is stupid because you assets have been inflated in price by low interest rates