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Economic Viewpoint

Three Years of Negative Interest Rates in Europe

June 29, 2017
François Dupuis, Vice-President and Chief Economist • Hendrix Vachon, Senior Economist

For three years now, monetary policy in several European countries has been based on negative interest rate. In spite of a stronger economy, it appears that negative rates will continue to shape the European financial landscape for several quarters to come. This Economic Viewpoint takes stock of the last three years and focuses on the possible consequences of maintaining negative interest rates over a prolonged period.

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