Report
Patrick Artus

In five or ten years, central banks in OECD countries will be heavily criticised for what they are doing now

The virtually across-the-board switch to zero interest rates in OECD countries, which will probably be a lasting feature, will in all likelihood lead to major imbalances. In five or ten years, these imbalances will lead to severe criticism of the monetary policies being conducted now. These financial imbalances can be: Hardship for savers and future pensioners; Hardship for life insurance; Asset price bubbles; Loss of productivity due to low-productive investments and due to inefficient companies surviving.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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