| Economic theory suggests low interest rates should decrease the value of a country's currency — but one veteran strategist told CNBC that central banks' adoption of negative rates was "meaningless" for the foreign exchange markets.
Several major central banks have introduced negative rates in a bid to stimulate the economy and persuade businesses and households to spend and invest rather than save. Notably, the European Central Bank now has a deposit rate of -0.4 percent, while the Bank of Japan has a deposit rate of -0.1 percent for some reserves...............................................Full Article: Source
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