Low interest rates provide a stimulus but can also create risks
Koskinen, Kimmo; Taipalus, Katja (09.06.2015)
Volyymi
89Numero
2/2015Julkaisija
Bank of Finland
2015
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201506101279Tiivistelmä
Accommodative monetary policy is necessary for price stability and economic recovery. However, abundant liquidity and the search for yield fuelled by low interest rates can also create risks for financial stability.