Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Chief economists at the Bank of England and the European Central Bank are indicating it might be time to retreat from injecting massive amounts of economic stimulus into economies.
In dealing with negative shocks, Lane said the European Governing Council in the past has "pulled back, we did shrink the asset purchase program, and we did bring asset purchases to zero when we thought we could."Top policymakers in Europe this week seemed to indicate it might be time to rein in the flow of money meant to protect economies from an outright collapse.this weekHe pinned that down to indicators such as closely-watched business surveys.
He said that even in case of a severe scenario, inflation in Europe would not go negative. But that does not say much about what it may look like in the medium term. "My view is that some of those negative shocks cannot be sustained, some of them have the seeds of their own demise," he said. "I don't see the world as always having these negative shocks and this is why central banks have the ability to reverse course.
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