Impact of Negative Rates on Currencies and Credit Flow

  • 25 May 2020
  • By Blu Putnam

Are negative rates a tightening or loosening of monetary policy, and how do they impact currencies and credit flow? We turned to the FX markets for answers.

About the Presenter

Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions.

View more reports from Blu Putnam, Managing Director and Chief Economist of CME Group.

Interest Rate Products

Our Interest Rate products span the entire US dollar-denominated yield curve, including futures and options on the most widely followed US Interest Rate benchmarks: Eurodollars, US Treasury Securities, 30-Day Fed Funds, and Interest Rate Swaps.

Start Trading

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2025 CME Group Inc. All rights reserved.