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IPFS News Link • European Union

As Draghi Hints at More QE, German Bond Yields Hit Record Low Negative Yields;

• globaleconomicanalysis.blogspot.com

Quantitative easing in the eurozone to the tune of €1.1 trillion has not raised consumer price inflation as the ECB had expected.

But neither bureaucrats nor central planners ever evaluate the effectiveness of their programs. Rather, when something does not work, they do more of it, until it does work, with no regard for the economic bubbles or other negative consequences.

Those expecting more monetary madness were rewarded today when the ECB Opens the Door to December Stimulus as expected.

The European Central Bank signalled it would expand its €1.1tn quantitative easing programme in December and cut its deposit rate should the slowdown in emerging markets threaten the eurozone's economic recovery.