Citi FX has released a scathing assessment of negative interest rate policies being implemented by central banks, describing the widespread economic experiment as the equivalent of letting doctors carry out untested surgical techniques on every patient in a hospital.
In a brief note sent to clients on Thursday night, Citi analyst Gregory Marks provides a brutal analysis of the policies, which are currently being implemented by, among others, the European Central Bank, Bank of Japan, and Sweden’s Riksbank.
