Diamond News

[https://m.wsj.net/video/20190321/032119nzgunban/032119nzgunban_167x94.jpg]

ZURICH—Abrupt changes in the policies of the world’s largest central banks have rippled through smaller economies, leaving them with the prospect of low and even negative interest rates for years to come despite having mostly healthy economies.

The danger is that these easy-money policies could fuel destabilizing bubbles in real estate and other asset markets. They may also leave banks with little ammunition to respond to the next economic downturn....

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