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When the European Central Bank (ECB) launched its expanded asset purchase programme in January, it became the final major central bank to embark on quantitative easing (QE). |
The Federal Reserve (Fed), Bank of England (BoE), Bank of Japan (BoJ) and ECB have all now clearly demonstrated that they have both the will and the mandate to deploy a full monetary policy toolkit when circumstances require it. The implementation of such extreme monetary policy measures is important not just for this economic cycle, but also for the next.
Please find the key themes below:
• Economic divergence is playing out
• Negative rates and negative yields are commonplace.
• Policy and uncertainty reign supreme
Download What will the future yield below
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