2 of Europe's top central bankers dropped hints that it might be time to start removing unprecedented coronavirus stimulus packages
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Chief economists at the Bank of England and the European Central Bank are indicating it might be time to retreat from injecting massive amounts of economic stimulus into economies.
In dealing with negative shocks, Lane said the European Governing Council in the past has "pulled back, we did shrink the asset purchase program, and we did bring asset purchases to zero when we thought we could."Top policymakers in Europe this week seemed to indicate it might be time to rein in the flow of money meant to protect economies from an outright collapse.this weekHe pinned that down to indicators such as closely-watched business surveys.
He said that even in case of a severe scenario, inflation in Europe would not go negative. But that does not say much about what it may look like in the medium term. "My view is that some of those negative shocks cannot be sustained, some of them have the seeds of their own demise," he said. "I don't see the world as always having these negative shocks and this is why central banks have the ability to reverse course.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4.8M jobs added and unemployment falls to 11.1% as more states reopen after COVID-19 shutdownsThe economy added 4.8M jobs in June as states allowed more businesses shuttered by the coronavirus to reopen. Economists had forecast 3M gains.
Read more »
Business As Usual During The Pandemic, This Time Through PlexiglassGlobal demand for clear plastic barriers has quadrupled since the new coronavirus began spreading, and now there's a six-month waiting list for new orders. It's revived what had become an unprofitable industry.
Read more »
Coronavirus: UK puts US on travel ban list due to COVID-19 surge - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
What it's like to go beach camping during the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Travel ban lifted: Where English can visit with no coronavirus quarantine - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »