Mexican deputy Sánchez takes stock of easy policy in advanced economies
Manuel Sánchez explains how extraordinary monetary accommodation may be generating costs
Large central bank balance sheets and negative interest rates may be generating "significant" costs and risk, Manuel Sánchez, a Bank of Mexico deputy governor said on May 13.
"The combination of negative rates and balance sheet expansion has resulted in ever-increasing proportion of government debt carrying a negative yield," he told an audience at the National Asset-Liability Management conference in Mexico City.
Looking at a sample of eight European countries with at least one negative rate
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