Europe Should Stop Its Anti-Deflationary Policies

• 作 者: Wang Yong
• 机 构: Zhengzhou Training College of the People's Bank of China,
• 出 处: Beijing Review
• 发表日期: 2016年13期
• 关键词: expanding minus easing purchasing issued monetary printing assets encourage outl

The European Central Bank(ECB)has recently issued a package of measures to ease its monetary policy.These actions include cutting main interest rates in the eurozone to zero,reducing the deposit rate further from minus 0.3 percent to minus 0.4 percent,expanding quantitative easing(QE)to 80 billion euros a month from 60 billion euros,and purchasing more assets by expanding its money printing program.

The European Central Bank (ECB) has recently issued a package of measures to ease its monetary policy. These actions include cutting main interest rates in the eurozone to zero, reducing the deposit rate further from minus 0.3 percent to minus 0.4 percent, expanding quantitative easing (QE) to 80 billion euros a month from 60 billion euros, and purchasing more assets by expanding its money printing program.