LONDON: The era of quantitative tightening by major central banks is proving to be short lived.
Net bond purchases by the Federal Reserve, European Central Bank (ECB) and Bank of Japan (BoJ) will swing back above zero from September, according to an analysis of their balance sheets by Bloomberg Economics. That’s just 11 months since they collectively hit reverse having spent a decade pumping stimulus into their economies via quantitative easing (QE).
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