15:00-16:15 CET




Thursday, May 6, 2021
Thursday, May 6, 2021

In cooperation with

About the webinar
Over past years, several central banks around the world have lowered policy rates below zero. Also, bond yields have entered negative territory as a result of central banks’ asset purchase programmes. How effective has negative interest rate policy been in stimulating aggregate demand and in bringing inflation up back to target? What were the effects on banks’ profitability and on the monetary transmission mechanism? What other side effects emerged?

Welcome by Ernest Gnan, OeNB and SUERF
Moderator by Jakob de Haan, SUERF President
Negative Interest Rates: Taking Stock of the Experience So Far – Presentation – pdf
Gaston Gelos, Assistant Director and Chief of the Monetary and Macroprudential Policies Division, IMF

Banks and Negative Interest Rates – Presentation – pdf
Florian Heider, Head of Section in the Financial Research Division, ECB

Negative Interest Rates in Denmark – Presentation – pdf
Jesper Berg
, Director General, Danish Financial Stability Authority