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ECB is Not on a Rush to End the QE program, McCafferty says


Jún, 07 2018
watermark Economic news

The central bank is not in a hurry to reduce the collection of government bonds due to its stimulus program through quantitative easing for Britain, according to the Bank of England policymaker Ian McCafferty.  


On LBC radio he said, “What we have said is that we are in no hurry to turn round on QE,” They aim to raise the interest rates a bit higher than the present rates, which could be used in either direction. Alternately, they could also cut the rates again and continue in promoting it higher depending on the economic situation, he added.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.