Tag Archives: Monetary Policy: Past

Monetary Policy: Past, Present and Future

The ECB’s monetary policy measures have clearly worked, in fact they are probably the dominant force spurring the recovery. They have been instrumental in arresting and reversing the deflationary pressures that hit the euro a year ago. Yet growth momentum remains weak and inflation remains well below our objective of below but close to 2%. Composite lending rates for non-financial ... Read More »