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"On the Wrong Track" with High Real Interest Rates that Involve Intergenerational Transfers of Wealth
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The Central Bank's continued focus on maintaining a real interest rate of over three percent alongside little to no economic growth shows "unmistakably" that the bank is on the "completely wrong path," according to the CEO of one of the country's most active investment firms, who is calling for a discussion on what constitutes a normal real interest rate and inflation target for the economy, among other things. He says the high interest rate is …
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