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Patrick Artus argues why the ECB must plan its exit from QE now

In Artus’ latest Institutional Investor blog, he assesses what will happen to the economy when oil prices rise again and the temporary boost to the economy, stemmed from oil prices and the ECB’s own measures, begins to diminish. What’s more, the ECB need to assess what will happen when excess liquidity and a distortion of asset prices contaminates the region – an inevitable product of its own extensive QE measures. Contrary to most economists’ beliefs, the ECB now needs to plan how it will exit QE, as currently it is a prisoner of expansionary monetary policy.

Please click here for the article.

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