Discover and read the best of Twitter Threads about #Easing
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The #Global #Financial #Crisis of 2007/08 taught the policy making world that something special beyond #Conventional #MonetaryPolicy was necessary to lift economies out of the economic malaise...tinkering with the key rates was not enough anymore...
To this end, #centralbanks in the developed world (The US, UK, Japan, The EuroArea) adopted what they termed #UnconventionalMonetaryPolicy #UMP which is characterised by #ForwardGuidance #NegativeInterestRatePolicy & #QuantitativeEasing...but, have they helped?
Markets are still interpreting comments from NY @federalreserve Pres. John Williams as being indicative of dovish #Fed policy action, despite the central bank’s defense that these comments stemmed from long-term research. We think the #market is right to price in easing.
