BIS positive on ultra-loose monetary policy
October 8, 2019

The Bank for International Settlements has issued a positive verdict on the more than ten years of ultra-loose monetary policy around the world, in a report by a working group chaired by Frank Smets, the head of its economic department, and Simon Potter of the Federal Reserve in New York.

The unconventional measures taken by many central banks were a helpful response to the financial crisis and the resulting economic slowdown, and the positive benefits more than compensated for their negative side effects.

Experts at the Basel-based BIS acknowledge, however, that a full assessment of the impact will only be possible if progress is made in phasing out ultra-loose policy.





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The Bank for International Settlements has issued a positive verdict on the more than ten years of ultra-loose monetary policy around the world, in a report by a working group chaired by Frank Smets, the head of its economic department, and Simon Potter of the Federal Reserve in New York.

The unconventional measures taken by many central banks were a helpful response to the financial crisis and the resulting economic slowdown, and the positive benefits more than compensated for their negative side effects.

Experts at the Basel-based BIS acknowledge, however, that a full assessment of the impact will only be possible if progress is made in phasing out ultra-loose policy.



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