COVID-19 spreads in India.
Articles tagged with "monetary policy"(50)
The difficult path to recovery in China
The Eurosystem’s two-tier system for remunerating excess liquidity holdings
Only very subdued growth in sight
Euro area productivity growth could slow further in the event of a downturn
How can we avoid a negative equilibrium of low growth and low inflation?
Slower-than-target inflation and a persistent decline in inflation expectations are key challenges for monetary policy. A negative equilibrium of prolonged low inflation and zero interest rates would fundamentally weaken monetary policy’s room for manoeuvre in balancing fluctuations in the economic cycle.