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Natixis discusses the irreversible trend of expansionary monetary policies in World Finance

The European Central Bank’s cautious approach to ramping up its expansionary monetary policy is understandable, given its ‘irreversibility’, writes Patrick Artus, chief economist at Natixis, in a commentary for World Finance. He argues that the fear of markets relying on central bank liquidity is justified – using the volatility following the Fed’s July announcement of ‘tapering’ as a key example.

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