Apr 152015
The specter of a deflationary spiral or economic crash has set most central banks around the world to embark on what seems to be a one-way trip: Quantitative Easing or “QE” for short. After the Bank of Japan, the Federal Reserve, the Bank of England and even the People’s Bank of China, it was recently the turn of the European Central Bank to launch its own version of QE in March, raising its purchases of public and private debt from around EUR13 billion to EUR60 billion per month until at least September 2016.