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Pimco-specialist: Corona crisis speeds up digital currencies

Interest rates will be low for the foreseeable future. If it wasn't for cash, rates would be negative globally, according to macro specialist Peder Beck-Friis from asset management group Pimco.

Peder Beck-Friis, macro specialist of Pimco. | Photo: PR / PIMCO

The corona crisis makes the future very uncertain. Mostly it depends on how the virus will spread when the European countries now ease out of lockdown.

"Interest rates will remain low for a long time to come. This is also due to factors such as an aging population and savings tending to increase after a crisis because companies try to reduce their balance sheets and borrow less. The effect is that interest rates will go down," Peder Beck-Friis, portfolio manager at Pimco in London, tells Swedish investors' newssite Realtid.se.

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