Central Banks Fracture Not On Philosophy But Failure
The central bank monolith is revealed to fracturing. The most evident appearance of that was the Bank of Japan’s recent surprise, where the vote to increase QQE was 5-4. But it has been more than Japan where divergences in policymaker positions are apparent. That includes, of course, the ECB, though not due to the Germany/not-Germany divide that has been a [...]
Stay In Touch