The exit from unconventional central bank measures will be infinitely harder than the entry

Because policy rates cannot be raised to address any looming inflationary threat without inflicting serious financial instability along with economic recession, or worse.

John Plender FT 28 March 2021


https://www.ft.com/content/1fdf201b-ed47-4e1a-b5ff-098310db8bc2




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