QE has mitigated trade shock to eurozone, ECB’s Praet says
Negative deposit rates have improved pass-through of QE, Peter Praet argues
Quantitative easing (QE) has mitigated the effects on the eurozone of the recent downturn in trade, Peter Praet told an audience in London on July 1.
Research indicated the pass-through of QE was improving throughout the eurozone, said the chief economist of the European Central Bank (ECB).
Over the last 20 years, only the aftermath of the "dotcom bubble" in the early 2000s and the period after the collapse of Lehman Brothers have seen lower growth in international trade than in 2015, Praet said
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