Caruana flags evidence of ‘manifold’ QE spillovers
Jaime Caruana, general manager of the Bank for International Settlements (BIS), has said evidence of multiple spillovers from quantitative easing (QE) "strengthens the case" for policy-makers to take them into account.
At a summit organised by the Central Bank of Chile, Caruana said the evidence from May to August this year implied the presence of "manifold" channels through which policies spilled over to emerging markets. "All these mechanisms must have been at work in 2012 because they all
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