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Qe, yield curve control or possibly other market operations. There won't be any real consequences, it's just an asset swap. They buy bonds and in turn create ne
by mono442 2mo ago
Qe, yield curve control or possibly other market operations. There won't be any real consequences, it's just an asset swap. They buy bonds and in turn create new interbank reserves.
- inigyou 2mo agoIf there are no bad consequences, why haven't they done it yet?
- mono442 2mo agoI'm not sure. Probably because they want to maintain the appearance of central bank independence. The yields aren't even that high. They were much higher in the past.
- scoofy 2mo agoQE is effective when inflation is low or negative. It creates a larger money supply. Inflation is already high.