The reduction of the US Fed’s balance sheet: When, at what pace and with what impact?
By Paul Hubert US monetary policy began to tighten in December 2015, with the Fed’s key rate moving from a target range of 0 – […]
QE programme
The ECB is extending its QE programme but mixes up its communications
By Paul Hubert On Thursday, March 10, after the meeting of its Governing Council, the European Central Bank (ECB) announced a series of additional measures […]