Czech governor remains cool towards negative rates

Czech National Bank Governor Miroslav Singer, my former boss, summing up his takeaways from the IMF spring meeting on the bank's official blog (available in Czech only):

Overall, from the debates I attended on the subject, my takeaway is that negative interest rates offer no salvation to central banks seeking to using this instrument to support domestic demand.

An official blog for policymakers, which the Czechs launched as the world's first central bank, provides a perfect venue for sharing insights from trips such as this one to Washington, DC, with domestic audiences.