Despite a strong economic backdrop, writes David Jane, central bankers' attempts to tighten policy rates and exit QE appear to have stumbled against the barrier of rapid stockmarket falls and declining expectations
Many years ago we characterised quantitative easing (QE) as "battlefield medicine" - quite necessary at the time but with a real danger of addiction if not exited early. A decade after its introduction,...
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Inflation above 2% for first this this year