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20 September 2021

CBDCs could lead to 'deeply negative interest rates': Wall Street Journal

CBDCs could lead to 'deeply negative interest rates': Wall Street Journal


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This means the central bank will have more leverage with interest rates if it issues digital dollars that can’t be stashed under the mattress, he added.

Negative interest rates are used as a last resort by central banks during a recession to stimulate an economy by encouraging borrowing and spending, with interest being paid to borrowers rather than lenders.

Apart from giving banks more leverage with interest rates, Wolfram Seidemann, the CEO of G+D Currency Technology, noted in July that CBDCs are a form of "programmable money" that can take agency away from the bearer:

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