Black­Rock’s Fink Warns Neg­a­tive Rates Could be ‘Dan­ger­ous’

The Economic Times - - The Jaitley Interview -

N e w Yo rk : B l a c k Ro c k ’ s Lau­rence D Fink called neg­a­tive in­ter­est rates “par­tic­u­larly wor­ry­ing” and po­ten­tially coun­ter­pro­duc­tive, as so­cial and po­lit­i­cal risks con­trib­ute to what he de­scribed as the most frag­ile global econ­omy in about a decade.

Na­tions around the world are lean­ing too much on ex­tra­or­di­nary mone­tary poli­cies while fail­ing to make key de­ci­sions and in­vest in in­fra­struc­ture to sup­port long-term growth, Fink, head of the world’s big­gest asset man­ager, wrote in an an­nual let­ter to share­hold­ers Sun­day.

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