Saturday December 14, 2019

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

9th December, 2016
ECB chief Mario Draghi will unveil new forecasts next week. Pic: Getty

But if the wild swings of bond yields yesterday, which saw German 10-year bonds yields hit their highest levels since January, are anything to go by, then the bank’s decision to “taper” its purchasing, by cutting levels to €60 billion each month, was not widely expected.

The decision, in particular, seemed to erase the euro’s gains from earlier in the week.

While the tapering gave markets the first sense...

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