Benchmark
More Bucks, Less Bang in Store if Draghi Drives QE Higher
Quantitative easing could deliver disappointing returns when rates are already low and cash is cheap
Why Could Negative Interest Rates Fall Further?
This article is for subscribers only.
The European Central Bank could ultimately be in for a let down if it ramps up its mass bond-buying program in March.
The charts below explain why adding to so-called quantitative easing will probably elicit diminishing returns — and why policymakers may do it anyway.