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The ratings agency Standard & Poor's said: "Central banks are turning to negative rates in order to combat deflationary pressures and currency appreciation.
Do other countries have negative rates?
Denmark, Sweden and Switzerland also have negative rates.
And deflation itself undermines the effectiveness of negative rates.
Carney said he was not a fan of negative rates.
Some analysts also think negative rates hurt broader public confidence.
But with negative rates, central banks charge a fee instead.
Nor are negative rates likely to change this.
This is because the banks did not pass on the negative rates to their customers - but that could change if negative rates were imposed for lengthier periods.
Money was already cheap in Japan, and negative rates have succeeded in making it even cheaper.
You are not right to assert that negative rates fall hardest on the rich.
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CEO of Professional Science Editing for Scientists @ prosciediting.com