Digital currencies pave way for deeply negative interest rates
5 min read . Updated: 09 Sep 2021, 01:00 PM IST
PremiumIf people can’t hoard physical money, it becomes much easier to cut rates far below zero
Investors have been ignoring progress toward government-issued electronic money, even as many countries are progressing rapidly toward their own online cash. They should ask two questions: Will the Federal Reserve issue a digital dollar? And will it eventually replace physical bank notes?
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