ECB and BOJ policy

ECB Has Nobody to Blame But Self for Euro’s Buoyancy

July 9, 2014

The European Central Bank cut interest rates and unveiled plans for a targeted LTRO initiative in early June in order to avert deflation and ensure that the prolonged period of sub-target inflation in the euro area doesn’t drag down long-term inflation expectations, which officials insist remain well anchored near target.  In that month’s press conference, […] More