Jonathan Algar on Twitter: "@fwred @dsquareddigest @mathijsbouman aggregate level. But impact inhomogeneous. And ze banks impacted most have most policy clout."

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Dan Davies ‏@dsquareddigest Mar 7

Worrying about the effect of negative interest rates on bank profitability is the biggest waste of time in financials analysis.
8 retweets 9 likes
Mathijs Bouman ‏@mathijsbouman Mar 7

@dsquareddigest @fwred why is that?
Dan Davies ‏@dsquareddigest Mar 7

@mathijsbouman @fwred doesn't add any useful information because negative rates are always part of a much larger policy structure.
Frederik Ducrozet ‏@fwred Mar 7

@dsquareddigest @mathijsbouman also, Cost of negative rates = €2bn NII = €320bn Total loans portfolio = €17tn
4 likes

@fwred @dsquareddigest @mathijsbouman aggregate level. But impact inhomogeneous. And ze banks impacted most have most policy clout.

2:41 AM - 7 Mar 2016

Jonathan Algar