RBA governor questions impact of QE on risk-taking in real economy
Glenn Stevens unclear if QE has boosted risk-taking in real economy
Reserve Bank of Australia (RBA) governor Glenn Stevens today argued that it is "impossible to draw strong conclusions" about whether or not quantitative easing (QE) has led to greater risk-taking in the real economy.
Stevens told an audience in Sydney that, globally, financial conditions have become extraordinarily accommodative and that "yields on all manner of assets are being bid down to very unusual levels".
However, he said, whether or not the effects of QE are "filtering through" to the
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