sub-zero rates

Krishna Guha

Negative deposit rates for bank reserves could catch on, after Sweden took the plunge. But beware: the Riksbank works differently to many other central banks, meaning banks in Sweden pay on only a fraction of their reserves Read more

Krishna Guha

San Francisco Fed chief says interest rates today would be “well below this zero bound” if such a thing were possible. Her comments show that she is a very, very long way away from voting to raise rates, writes Krishna Guha of the Financial Times Read more