![Central Banking](https://nginx.production.bb8-centralbanking.uk3.amazee.io/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
The value of ETFs to central bank reserves managers
Are ETFs as a tactical tool fit for purpose?
![arvid-ahlund arvid-ahlund](/sites/default/files/styles/landscape_750_463/public/import/IMG/788/302788/arvid-ahlund.jpg.webp?h=ed59c95a&itok=j6uRnHoV)
In January, Bank of England governor Mark Carney warned a group attending a lunch at Davos, the Swiss ski resort that hosts the World Economic Forum, that the equilibrium real interest rate – in negative territory for much of the past five years – was likely to "remain well below" its historic norm. He was the first governor of a major developed world central bank to raise an issue that Larry Summers, former US Treasury secretary and Harvard University president, had already described as
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com