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Central bank bond-buying has boosted credit conditions-Haldane
October 19, 2016 / 3:21 PM / a year ago

Central bank bond-buying has boosted credit conditions-Haldane

LONDON, Oct 19 (Reuters) - The use of quantitative easing, or massive bond-buying programmes, by central banks around the world has been effective in loosening credit conditions, Bank of England Chief Economist Andy Haldane said in a report.

The paper found “reasonably strong evidence of QE having had a material impact on financial markets, generating a significant loosening in credit conditions,” the paper said.

“There is also evidence of QE having served to boost temporarily output and prices, in a way not associated with other central bank balance sheet expansions.” (Writing by William Schomberg; Editing by Angus MacSwan and Ralph Boulton)

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