Bloomberg View, (2017), “Euro-Zone Tapering Is a Delicate Task”, 25 Οctober
On Thursday, the European Central Bank is expected to announce changes to its program of quantitative easing. The threat of outright deflation in the euro zone has eased, so changes are indeed required. The ECB should start getting monetary policy back to normal by scaling back its asset purchases.This could be a delicate task. Inflation is still well below target, so too abrupt a transition would be risky.
Relevant Posts
- Carolynn Look,Jana Randow, (2017), “ECB to Consider Cutting QE Purchases in Half Next Year”, Bloomberg, 13 Οctober
- Claire Jones, (2017), «Tapering σε… αργή κίνηση επιλέγει η ΕΚΤ», Euro2day.gr, 20 Οctober