Denmark is the first country in the world to implement negative interest rates, but it has repeatedly reminded the market to pay attention to the risk of the negative interest rate policy.

In this regard, ANBOUND is of the view that this coupled with the results of the negative interest rates policy implemented by the European countries and Japan have both showed that the negative interest rate policy failed to realize the goal of stimulating commercial bank loans, home mortgages and preventing the economy from the vicious cycle of deflation.

Against the backdrop of surplus assets globally, relying solely on monetary policy will worsen the situation, only proactive innovation and economic restructuring can truly provide a way out for all countries.