The Federal Reserve’s massive asset-buying programme hasn’t been matching the surge in United States (US) government debt issuance, Goldman Sachs Group Inc calculates. And it’s much the same with other nations, with only New Zealand set for a net decline in publicly held debt outstanding.
NEW YORK: Monetary policy could be tighter than it looks as the pace of government borrowing eclipses the record stimulus of central banks.
The Federal Reserve’s massive asset-buying programme hasn’t been matching the surge in United States (US) government debt issuance, Goldman Sachs Group Inc calculates. And it’s much the same with other nations, with only New Zealand set for a net decline in publicly held debt outstanding.
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