Digital currencies pave way for deeply negative interest rates | Curio
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Digital currencies pave way for deeply negative interest rates

7 mins | Sep 17, 2021
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Will physical banknotes ever be replaced? If people can’t hoard physical money, it becomes much easier to cut rates far below zero. And, as James Mackintosh explores, if interest rates can go far below zero, monetary policy is suddenly much more powerful and better suited to tackle deflation.
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