TOPIC

QE3

QE3
Quantitative easing (QE) refers to large-scale asset purchases by the US Federal Reserve to inject liquidity in the world’s biggest economy after the onset of the global financial crisis in late 2008. In September 2012, stubbornly high US unemployment and faltering economic growth prompted it to launch the third phase of this stimulus (QE3), under which it planned to buy US$40 billion worth of bonds per month, with no set end date. As of late 2012, it had bought some US$2.3 trillion in long-term securities. In December 2012 it announced it was increasing its QE3 purchases to US$85 billion a month.
Macroscope

World’s free-spending, money-printing spree will cost us dearly in the end

The world has mortgaged its economic and monetary future to uncertainty in the hope that the global economy will roar back after the pandemic. But the real cost of these policy actions could be inflation, financial crisis and a deeper recession.

videocam

Europe’s central bank prepares some sub-zero relief for wilting Eurozone

Time to taper? Not if you look at bank loans

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