EIU chief economist, Robin Bew, says easing in Asia will mostly work

The Economist Intelligence Unit (EIU), Robin Bew, says easing in Asian economies will work in most countries. Robin says, “Amid continuing concerns about economic growth, central banks in Asia and Australasia are unleashing a wave of monetary stimulus. Japan, of course, has led the way with its dramatic new quantitative easing programme. Recent weeks have also seen interest-rate cuts in many other countries, from India to South Korea to Australia. While the jury is out on the effectiveness of unorthodox policies such as “QE“, my team of Asia analysts notes that—with the exception of Japan—central banks in the rest of the region are still operating within the bounds of conventional policy. This suggests that their efforts to stimulate growth have a better chance of success than in countries where rates are already approaching zero.” (Source)

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