Any optimism surrounding the ECB’s progress towards QE has been dulled by concerns that the already low level of yields on many assets will make the policy ineffective. But there is still scope for QE to bring down interest rates as well as having important effects on the exchange rate and confidence.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services