Banks/Economics/FX/Rates Strategy:Negative rates adangerous experimentwith diminishing positive impact 类别：宏观经济 机构：摩根士丹利亚洲有限公司 研究员：摩根士丹利亚洲研究所 日期：2016-02-19

Further moves into negative rates will have much less of an impacton the EUR, in our view, given that most of the portfolio adjustmentis already complete. Rather, we ...

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