Unwinding QE the challenge ahead, says former RBI chief
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
GETTING out of quantitative easing (QE) will be even trickier than getting in, and central banks around the world must deal with the challenges of an appreciating dollar, former Reserve Bank of India governor Duvvuri Subbarao said on Tuesday.
Mr Subbarao, who led India's central bank from Sept 5, 2008 - two weeks before the collapse of Lehman Brothers - to Sept 4, 2013, said that advanced economies need to account for the spillover impact of easing because the flow of money into emerging economies can lead to unintended consequence.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
