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Weber told Die Presse that less affluent individuals were most
exposed to the negative interest rate policies pursued by
central banks in the euro zone, Switzerland, Sweden, Denmark and
Japan.
"Many citizens, who have little wealth and earn a large portion
of their income from their work, have not invested in equities
because they can't bear the risk of losses and rightly don't
want to take the risk," Weber was quoted as saying. "They are
limited to fixed income investments on which they forgo profits
or have to pay penalty rates."
"There is a worldwide discussion about growing inequality. I am
convinced that this monetary policy can help to reinforce this
inequality."
(Reporting by Joshua Franklin; Editing by Hugh Lawson)
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