Central banks may have misread the impact of QT, says an economist
2024-05-01 1014词 困难
QT is the reversal of quantitative easing (QE), which is the expansion of central-bank balance-sheets to stimulate the economy, done by purchasing government debt to bring down long-term interest rates. Central banks adopted QE when policy rates hit the floor and could not be lowered further during the global financial crisis and, a decade later, the covid-19 pandemic.
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