How Negative Interest Rates Work

Will more countries move into a world of negative interest rates and if so, who will be the winners and losers. Central banks who have cut rates below zero are in search of a strategy to get people to spend more money and lift their economies out of the doldrums and lower the risk of deflation. In this short interview from the Financial Times, Roger Blitz and Peter Westway of Vanguard discuss winners and losers in a negative rates world.