The world of central banking is quickly turning back-to-front, inside-out and upside-down.
Japan, the eurozone, Sweden, and Switzerland all have interest rates now that are less than zero. It's just not normal, at least in recent history, but the counterintuitive policy has helped the global economy, according to Christine Lagarde, the head of the International Monetary Fund.
Despite the oxymoronic-sounding term, the way negative rates work is fairly simple: Read more here.
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