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A central bank can in theory adopt negative...>

CHINA
CHINA: A central bank can in theory adopt negative interest rates as a policy to
tackle deflation and recession, Sun Guofeng, head of Financial Research
Institute of People's Bank of China, wrote in a working paper posted on the
bank's website on Tuesday. In a modern banking system, banks do not rely on
deposits to issue loans, so negative interest rates won't hinder the banks'
activities. In the long run, negative interest rates may be a tool that's
regularly used by central banks, Sun said. 

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