Dancing towards the end of QE

Constantin Gurdgiev on a 'super week' of meetings at the world's central banks, as the ECB continues to provide comfort to the Irish government and banks

Things 'going swimmingly' in the euro area for the ECB. Pic: Getty

This week marked the end of the beginning of the end of QE. Oh, and it also marked the busiest five days in the central banking calendar of 2017.

The People’s Bank of China, the US Fed, the ECB, as well as the Bank of England, the Swiss National Bank and the Norges Bank all held their policy setting meetings. And, to make things even more interesting, all of the above banks were struggling with the same problem:weaning their economies off the decade-long high of expansionary monetary policies.