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16:05
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Originally posted by vagabond84:
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Going by what's in the financial media lately, I'd say the markets are more worried about zero/negative yields and their impact on bank profits than Brexit. It seems over the last couple of weeks there's no shortage of analysts predicting banking sector profits to be under pressure in a zero interest rate environment. And I'm no expert but I feel like their pessimism is at least somewhat justified. Zero interest rates has not worked out well in the case of Europe and Japan. Yet policymakers globally seem hell bent on taking rates in that direction.
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it used to be said that low interest rates was good for banks for some reason but I suspect you are correct .
