The Limits of Extreme COVID Monetary Policy

By Paola Subacchi LONDON – With output having collapsed as a result of the COVID-19 pandemic, many are wondering how far monetary policy can be stretched to support the economy. For the US Federal Reserve, negative interest rates appear to represent an effective limit, not because such a policy is technically unfeasible, but because it […]

The post The Limits of Extreme COVID Monetary Policy appeared first on East African Business Week.

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