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European Central Bank President Mario Draghi

Low interest rates: How long will savers be penalized?

Low, near-zero and negative interest rates around the world are depriving savers of potential earnings. Just a couple of years ago, it seemed as if a normalization of interest rates was on the horizon. Now, however, economic and political realities portend a “low-for-long” scenario. In fact, central bankers – in Europe especially – may even be tempted to go for interest rates that are “deeply negative.”

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