Countries consider controversial policy to stimulate economy

Global Business

The U.S. central bank is thinking about so-called negative interest rates, which Japan’s monetary authorities recently introduced to kick-start growth.

The aim is to spur the economy with a shove rather than a push. It is unconventional and risky. As of December the ECB charges banks 0.3 percent to hold their cash overnight. And 2 weeks ago the Bank of Japan stunned the market by adopting a negative interest-rate strategy.

For a deeper look at the global economy, David Goldin spoke to CCTV America. David Goldin is Founder, President & CEO of Capify, a small-business lender in the United States.

Countries consider controversial policy to stimulate economy

The U.S. central bank is thinking about so-called negative interest rates, which Japan's monetary authorities recently introduced to kick-start growth. The aim is to spur the economy with a shove rather than a push. It is unconventional and risky. As of December the ECB charges banks 0.3 percent to hold their cash overnight. And 2 weeks ago the Bank of Japan stunned the market by adopting a negative interest-rate strategy. For a deeper look at the global economy, David Goldin spoke to CCTV America. David Goldin is Founder, President & CEO of Capify, a small-business lender in the United States.