--- title: "Meaning & Key Takeaway of: Negative interest rates have been…" description: "\"Negative interest rates have been employed by many, many central banks.\" — Charles L. Evans" image: "https://sms4smile.com/quotes/i/e4a/charles-l-evans-27670_central-bank_negative-interest-rates-have-been-employ_1072762.jpg" --- # Negative interest rates have been employed by many, many… ![“Negative interest rates have been employed by many, many central banks.” quote by Charles L. Evans](https://sms4smile.com/quotes/i/e4a/charles-l-evans-27670_central-bank_negative-interest-rates-have-been-employ_1072762.jpg) [Download](https://sms4smile.com/quotes/i/e4a/charles-l-evans-27670_central-bank_negative-interest-rates-have-been-employ_1072762.jpg) [Open image](https://sms4smile.com/quotes/i/e4a/charles-l-evans-27670_central-bank_negative-interest-rates-have-been-employ_1072762.jpg) > “Negative interest rates have been employed by many, many central banks.” [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Central banks sometimes set rates below zero to stimulate borrowing and spending when traditional tools are exhausted. **In simple terms:** Banks use negative rates to boost economy when normal rates are too low. Key Takeaway Consider how policy tools adapt to economic conditions. Themes monetary policy interest rates economic stimulus Mood cautious analytical Type economic policy When to use this quote - banking sector - government debt management - investment decisions Key Concepts deflation liquidity trap financial markets Questions to Reflect On - How do negative rates affect everyday savers? - What alternatives exist for stimulating growth? A Different Perspective Negative rates can hurt savers and may lead to asset bubbles. ★ ★ ★ ★ ★ No ratings yet [Banks](https://sms4smile.com/quotes/about/banks/) [Central bank](https://sms4smile.com/quotes/about/central-bank/) [Central banks](https://sms4smile.com/quotes/about/central-banks/) [Customer](https://sms4smile.com/quotes/about/customer/) [Interest](https://sms4smile.com/quotes/about/interest/) ## Related quotes > [Central banks don't have divine wisdom. 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But…](https://sms4smile.com/quotes/charles-l-evans/i-think-that-sharing-information-about-our-economies-the-way-that-the/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [Negative interest rates hurt banks' balance sheets, with the 'wealth effect' on banks overwhelming the small increase in incentives to lend.](https://sms4smile.com/quotes/joseph-stiglitz/negative-interest-rates-hurt-banks-balance-sheets-with-the-wealth/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [If you happen to be the only one with negative interest rates, you also weaken your currency, which means you make your exports more…](https://sms4smile.com/quotes/mohamed-el-erian/if-you-happen-to-be-the-only-one-with-negative-interest-rates-you/) [Mohamed El-Erian](https://sms4smile.com/quotes/author/mohamed-el-erian/) > [It's time to stop pretending negative rates have any redeemable value - besides the ability to stimulate the market for physical safes.](https://sms4smile.com/quotes/anthony-scaramucci/it-s-time-to-stop-pretending-negative-rates-have-any-redeemable-value/) [Anthony Scaramucci](https://sms4smile.com/quotes/author/anthony-scaramucci/) > [For people who grew up in the last four decades of the 20th century, it is hard to grasp the concept of negative interest…](https://sms4smile.com/quotes/anthony-scaramucci/for-people-who-grew-up-in-the-last-four-decades-of-the-20th-century/) [Anthony Scaramucci](https://sms4smile.com/quotes/author/anthony-scaramucci/) > [Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive…](https://sms4smile.com/quotes/llewellyn-rockwell/repeal-the-entire-banking-act-of-1933-and-austrian-school-economists/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [There could be some compromise, but I think we have to stick to the provisions of the treaty, and the provisions of the treaty…](https://sms4smile.com/quotes/jacques-santer/there-could-be-some-compromise-but-i-think-we-have-to-stick-to-the/) [Jacques Santer](https://sms4smile.com/quotes/author/jacques-santer/) ## More by Charles L. Evans > [It's a challenge for monetary policy to communicate that our inflation objective is 2 percent.](https://sms4smile.com/quotes/charles-l-evans/it-s-a-challenge-for-monetary-policy-to-communicate-that-our/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [If the national economy improves, Chicago will improve.](https://sms4smile.com/quotes/charles-l-evans/if-the-national-economy-improves-chicago-will-improve/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [In a world of global competition and new technology, I think competition is coming from new places.](https://sms4smile.com/quotes/charles-l-evans/in-a-world-of-global-competition-and-new-technology-i-think/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [If you look around the world and see all the different countries struggling to get away from very low inflation rates with economies not…](https://sms4smile.com/quotes/charles-l-evans/if-you-look-around-the-world-and-see-all-the-different-countries/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [I often will state things strongly if I think that it's important.](https://sms4smile.com/quotes/charles-l-evans/i-often-will-state-things-strongly-if-i-think-that-it-s-important/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [There is nobody who would want, in any way, to lose what Paul Volcker won for the American people by fighting inflation and achieving…](https://sms4smile.com/quotes/charles-l-evans/there-is-nobody-who-would-want-in-any-way-to-lose-what-paul-volcker/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.](https://sms4smile.com/quotes/charles-l-evans/for-risk-management-reasons-we-need-to-make-sure-we-hit-our-inflation/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [From the peak in 2007 to the trough in 2009, Americans lost $11 trillion of net worth for households and businesses.](https://sms4smile.com/quotes/charles-l-evans/from-the-peak-in-2007-to-the-trough-in-2009-americans-lost-11/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [If we were to underrun our inflation objective over a period of time that we tried to increase interest rates, I think that would…](https://sms4smile.com/quotes/charles-l-evans/if-we-were-to-underrun-our-inflation-objective-over-a-period-of-time/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [Central bankers tend to be conservative by nature.](https://sms4smile.com/quotes/charles-l-evans/central-bankers-tend-to-be-conservative-by-nature/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [I think that sharing information about our economies, the way that the central banks do in Basel and other forums, is quite useful. But…](https://sms4smile.com/quotes/charles-l-evans/i-think-that-sharing-information-about-our-economies-the-way-that-the/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [Paul Volcker is a tremendous hero with the Federal Reserve system and for the American economy. He took very tough actions and helped to…](https://sms4smile.com/quotes/charles-l-evans/paul-volcker-is-a-tremendous-hero-with-the-federal-reserve-system-and/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [I believe that the history of Fed policymaking is that, you know, there are times when we need to raise rates.](https://sms4smile.com/quotes/charles-l-evans/i-believe-that-the-history-of-fed-policymaking-is-that-you-know-there/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [For every company that sees the value of their capital go up, there's another company that has been disrupted, and the value of their…](https://sms4smile.com/quotes/charles-l-evans/for-every-company-that-sees-the-value-of-their-capital-go-up-there-s/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) > [During the slow recovery after the Great Recession, inflation was very low, and it took us a while to get it back moving up.](https://sms4smile.com/quotes/charles-l-evans/during-the-slow-recovery-after-the-great-recession-inflation-was-very/) [Charles L. Evans](https://sms4smile.com/quotes/author/charles-l-evans/) [Explore all 20 Charles L. Evans quotes ](https://sms4smile.com/quotes/author/charles-l-evans/) ## More Banks quotes > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [We now have power under the Dodd-Frank legislation to break up banks. 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Then, the…](https://sms4smile.com/quotes/nassim-nicholas-taleb/my-nightmare-scenario-is-that-the-government-saves-citibank-once/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results…](https://sms4smile.com/quotes/charles-moore/the-rich-run-a-global-system-that-allows-them-to-accumulate-capital/) [Charles Moore](https://sms4smile.com/quotes/author/charles-moore/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long…](https://sms4smile.com/quotes/mario-monti/much-of-what-germany-and-france-have-done-in-the-rescue-of-greece-has/) [Mario Monti](https://sms4smile.com/quotes/author/mario-monti/) > [The world needs banking but it does not need banks.](https://sms4smile.com/quotes/bill-gates/the-world-needs-banking-but-it-does-not-need-banks/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [Banks are the temples of America. This is a holy war. Our economy is our religion.](https://sms4smile.com/quotes/giannina-braschi/banks-are-the-temples-of-america-this-is-a-holy-war-our-economy-is/) [Giannina Braschi](https://sms4smile.com/quotes/author/giannina-braschi/) > [In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit…](https://sms4smile.com/quotes/lloyd-dorfman/in-the-old-days-we-were-the-challenger-brand-competing-against-the/) [Lloyd Dorfman](https://sms4smile.com/quotes/author/lloyd-dorfman/) > [“The kind of data and the data-analytical perspective privy to banks is quite unique to banks.”](https://sms4smile.com/quotes/hendrith-vanlon-smith-jr-ceo-of-mayflower-plymouth/the-kind-of-data-and-the-data-analytical-perspective-privy-to-banks/) [Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth](https://sms4smile.com/quotes/author/hendrith-vanlon-smith-jr-ceo-of-mayflower-plymouth/) > [My father, Cecil Banks Mullis, and mother, formerly Bernice Alberta Barker, grew up in rural North Carolina in the foothills of the Blue Ridge…](https://sms4smile.com/quotes/kary-mullis/my-father-cecil-banks-mullis-and-mother-formerly-bernice-alberta/) [Kary Mullis](https://sms4smile.com/quotes/author/kary-mullis/) > [If your only arbiter of anything is money, really you should... go and rob banks.](https://sms4smile.com/quotes/bruce-dickinson/if-your-only-arbiter-of-anything-is-money-really-you-should-go-and/) [Bruce Dickinson](https://sms4smile.com/quotes/author/bruce-dickinson/) > [No paper trail means no banks. 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