Analysis: 'QE concerns not a problem but Ireland's economy could get out of hand'

While markets were uneasy about ECB moves, the worry for us is we may grow too much, top economist warns

ECB chief Mario Draghi will unveil new forecasts next week. Pic: Getty

The means by which the European Central Bankdecided to extend its quantitative easing programme seemed to catch the markets by surprise yesterday.

Ahead of the decision, there was little doubt that the bank was going to announce it would extendits controversial asset-purchasing efforts– which have seen it buy €80 billion in bonds each month – beyond the original March 2017 cut-off.

But if the wild swings of bond yields yesterday, which saw German ...