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You've got some causality backwards, there. Interest rates were at basement levels before QE. QE was an inflationary measure in part intended to keep rates fr
by jbooth 9y ago
You've got some causality backwards, there. Interest rates were at basement levels before QE. QE was an inflationary measure in part intended to keep rates from going even lower into the negative.
QE was a reaction and counterpressure to low rates, not the cause.