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MONEY MATTERS

Money glut: more to come

While there are reasons to expect less bang for each QE buck than in previous episodes, the returns should still be positive
Wednesday, October 21, 2015 - 05:50
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The PBOC will probably be the first out of the blocks with another rate cut and also further reductions in banks' required reserve ratios.

THE existence of a global money glut is generally accepted these days - the debate is over when and how should it end.

Ever since the 2008-2009 financial crisis, central banks around the world have bravely battled the secular headwinds to growth and inflation emanating from global excess