Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Joe Biden pledges to defend Taiwan militarily if China invades
    • Saudi Arabia signals support for Russia’s role in Opec+ as sanctions pressure mounts
    • EU health agency advises member states to plan for monkeypox jabs
    • Pennsylvania Senate race gets messy for Republicans after photo finish
    • Anthony Albanese sworn in as Australia’s prime minister
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Joe Biden pledges to defend Taiwan militarily if China invades
    • Chipmaker Broadcom in talks to buy VMware for up to $50bn
    • Pennsylvania Senate race gets messy for Republicans after photo finish
    • Chip supplier says China will struggle to develop advanced technology
    • Davos and the new era of deglobalisation
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • HSBC suspends banker over climate change comments
    • Business leaders warn that three-decade era of globalisation is ending
    • Capital Group’s European bank sell-off was driven by single fund manager
    • Chip supplier says China will struggle to develop advanced technology
    • Lukoil’s ex-chief warns against EU ban on ‘irreplaceable’ Russian oil
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
    Most Read
    • Live news: One-time Austrian foreign minister joins exodus from Rosneft
    • How shadow banks threaten the global economy
    • Iran vows revenge after assassination of commander in broad daylight
    • Overdue reality check for Fed and markets has barely begun
    • The eternal dream of automatic money
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • The cold call is back and worse than ever
    • Davos and the new era of deglobalisation
    • How shadow banks threaten the global economy
    • Lies weaken Russia in its trial of strength with the west
    • For markets, inflation fears are joined by recession risks
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • ‘A bonfire of the decencies’: Peter Hennessy on Boris Johnson’s government
    • The cold call is back and worse than ever
    • Vive la différence between work and play
    • Why presenteeism is an enduring corporate narcotic
    • Are universities suffering from management bloat?
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Short cuts: the little island becoming Europe’s aviation hotspot
    • The men who stick to a strict style diet
    • Why we should rethink our grass lawns
    • Why buying a flat might not be such a good idea
    • The rebirth of Hotel Chelsea – and three other legendary hotels
  • How to Spend It
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
SubscribeSign In

Your guide to a disrupted world

Start a 4-week trial

Negative interest rates

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Monday, 28 March, 2022
    Sovereign bonds
    RIP sub-zero yielding bonds?

    Finish him.

  • Tuesday, 9 November, 2021
    News in-depthGlobal Economy
    Inflation surge fuels negative real interest rates for leading economies

    Central banks are reluctant to tighten too abruptly arguing spike in prices is transitory

  • Thursday, 8 April, 2021
    Free LunchMartin Sandbu
    Negative interest rates have a bright future ahead of them Premium content

    Sooner or later, monetary loosening will be needed. Delivering it with sub-zero rate cuts looks increasingly sensible

  • Thursday, 4 February, 2021
    UK interest rates
    BoE expects vaccine-fuelled economic recovery in second half of 2021

    Monetary Policy Committee leaves door open for negative interest rates if upswing disappoints

  • Tuesday, 12 January, 2021
    LexUBS Group AG
    UBS/negative rates: parking charges Premium content

    Loss of a few clients will not hurt too much but wider squeeze on profitability is bigger problem for Swiss banks

  • Thursday, 26 November, 2020
    Lessons from Japan
    What Mrs Watanabe can tell us about how to handle low returns

    Lessons from Japan: early experience of ultra-low rates now relevant to investors around world

  • Thursday, 29 October, 2020
    Serious MoneyClaer Barrett
    Could negative rates signal the end of free banking?

    HSBC hints it will soon look at charging for current accounts

  • Monday, 12 October, 2020
    LombardKate Burgess
    Pearson’s chairman needs more lessons on how to say ‘no’

    Sidney Taurel risks being cut from the middle of Pearson’s muddle; UK banks beware negative interest rates

  • Monday, 12 October, 2020
    Bank of England
    BoE asks banks how ready they are for negative rates

    Letter seeks information on potential impact of further cuts to borrowing costs in UK

  • Tuesday, 29 September, 2020
    UK interest rates
    BoE ‘mixed messages’ keep everyone guessing on negative rates

    Latest comments from policymakers on central bank’s intentions have served to confuse rather than clarify

  • Tuesday, 29 September, 2020
    Lex
    Negative interest rates/BoE: from zero to hero Premium content

    Potential benefits of negative rates should not be dismissed but the timing matters

  • Monday, 28 September, 2020
    BoE deputy governor opposes negative interest rates

    Dave Ramsden says current benchmark is the ‘effective lower bound’

  • Wednesday, 26 August, 2020
    Pandemic may offset some benefits of negative rates, ECB official warns

    Banks grappling with sub-zero rates are set for higher loan defaults, says board member Isabel Schnabel

  • Thursday, 20 August, 2020
    Markets InsightLotta Moberg
    Today’s ultra-low interest rates are anything but ‘natural’

    Policymakers who have cut rates repeatedly should not be let off the hook so easily

  • Monday, 27 July, 2020
    ExplainerCharts that Matter
    Desperate hunt for yield forces investors to take ‘extreme risk’

    More than 60 per cent of the global bond market now yields less than 1 per cent

  • Monday, 20 July, 2020
    Jacques de Larosière
    Negative interest rates cannot save indebted economies

    Setting the price of money below zero creates more problems than it purports to solve

  • Tuesday, 14 July, 2020
    Unhedged
    Investors face an uncharted course Premium content

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Thursday, 9 July, 2020
    FTfmAmin Rajan
    Negative interest rates can be a doom loop for pension investors

    Fixed income is turning into fixed expense for those who seek haven assets for capital conservation

  • Thursday, 18 June, 2020
    European Central Bank
    Banks rush to borrow record €1.3tn at negative rates from ECB

    Central bank offers ultra-cheap loans to prevent pandemic becoming credit crunch

  • Tuesday, 16 June, 2020
    Japanese economy
    Bank of Japan pledges $1tn in coronavirus loans

    Central bank keeps monetary policy on hold and signals no rise in rates before 2023

  • Tuesday, 16 June, 2020
    Bloomberg LP
    Bloomberg urges users to get set for negative US rates

    Recommendation to switch pricing model comes as markets consider a Fed move below zero

  • Tuesday, 2 June, 2020
    Markets InsightHuw van Steenis
    Three good reasons not to dabble in negative interest rates

    The evidence that this policy tool works is too weak to justify the risks

  • Thursday, 21 May, 2020
    Gilts
    Gilt yields sink below zero as investors brace for more rate cuts

    Yields on 2- year and 5-year UK debt drop to record lows

  • Thursday, 21 May, 2020
    UK banks
    British banks warn BoE of pain of negative rates

    Lenders say move to deal with coronavirus impact would hit profits and ability to cope with loan losses

  • Thursday, 21 May, 2020
    Bank of England
    Bank of England pivots and starts to contemplate negative rates

    Andrew Bailey says policy of being against move now under ‘active review’

Previous page You are on page 1 Next page

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

Community & Events

FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

Subscribe for full access
  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Community
    • FT Live
    • FT Forums
    • Board Director Programme
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In