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Europe Should Stop Its Anti-Deflationary Policies

Europe Should Stop Its Anti-Deflationary Policies
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摘要 The European Central Bank(ECB)has recently issued a package of measures to ease its monetary policy.These actions include cutting main interest rates in the eurozone to zero,reducing the deposit rate further from minus 0.3 percent to minus 0.4 percent,expanding quantitative easing(QE)to 80 billion euros a month from 60 billion euros,and purchasing more assets by expanding its money printing program. The European Central Bank(ECB)has recently issued a package of measures to ease its monetary policy.These actions include cutting main interest rates in the eurozone to zero,reducing the deposit rate further from minus 0.3 percent to minus 0.4 percent,expanding quantitative easing(QE)to 80 billion euros a month from 60 billion euros,and purchasing more assets by expanding its money printing program.
作者 Wang Yong
出处 《Beijing Review》 2016年第13期40-40,共1页 北京周报(英文版)
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