Bloomberg: Negative Rates Hit Global Shipping Market
The monetary policy environment “means that consolidation will be much slower because it’s easy for banks to keep weak shipping companies above water,” Nils Smedegaard Andersen, chief executive officer of A.P. Moeller-Maersk A/S, said in an interview.
Bloomberg: IMF Urges Action as Negative Rates Infect Danish Property Market
After almost four years of negative interest rates, Danish policy makers need to act now to prevent a housing bubble, according to the International Monetary Fund.
“We strongly encourage the authorities to take early action to lean against the wind on house price increases,” David Hofman, IMF mission chief to Denmark, said in an interview. “We see a need for action on a number of points.”
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