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EUR 14 billion buyout firm just joined the negative-rate debate

As Sweden’s central bank struggles to distance itself from negative interest rates, one of the country’s most prominent investing voices has delivered a full-throated defense of the controversial regime.

Going below zero has had a “very positive” effect in Europe, according to Peder Prahl, the 55-year-old founder and managing partner of Triton, a European private equity firm that oversees about EUR 14 billion.

“We read a lot about the negative aspects” of rates below zero, he said in an interview at his Stockholm office.

“But if one thinks of what the alternative would be -- if rates were to go up a lot -- then there would probably be problems in the economy.”

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