Strategy shift: A cyclist riding past the European Central Bank headquarters beside the River Main in Frankfurt. The bank now sees bond buying as its main policy tool and will use that forcefully and continually until it meets its goals. ― Bloomberg
IF you’re waiting for the imminent end of central banks’ bond buying “quantitative easing” (QE) – make sure you’re sitting comfortably. The European Central Bank (ECB) could well throw another US$1 trillion (RM4.24 trillion) log onto the fire as soon as this week.
As government borrowing rates sank across the world this week and stocks shivered, it appeared as if markets were having second thoughts about the long-held assumptions about the end of pandemic lockdowns, searing economic rebounds and widespread reflation.
Limited time offer:
Just RM5 per month.
