Post-crisis loose monetary policy reaches limits as ECB ponders helicopter money
Draghi convenes Governing Council today to announce medium-term strategy
As growth slows throughout the continent and emerging markets show little sign of stimulating a demand, fears are growing that the years post-crisis of loose monetary policy has reached its effective limits.
Most analysts and economists expect central banks to follow Japan and Switzerland and cut interest rates to below zero, where ordinary banks have to pay the ECB to deposit money.
Negative rates are designed to stimulate consumption by increasing purchasing power.
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