Writing in FTSE Global Market‘s European Review, Patrick Artus, Natixis’ Chief Economist, evaluates whether the ECB will be able to scale down its monetary policy in the medium term, or if their expansionary programme is irreversible.
By assessing three different scenarios, Artus discusses how the ECB could escape its current policy and how its actions may impact the wider European economy. Ultimately, however, it is clear that the ECB must accept that its current expansionary monetary programme is irreversible. Certainly, the risks involved pose too much of a threat to the region’s economic health.
To read the article, please click here.