Will the ECB follow the Fed?

With the launch of QE3, the Federal Reserve has clearly trumped the ECB’s conditional pledge to make sterilised bond purchases. Similar action is warranted in the euro-zone and technically feasible. But the inflation fears of the Bundesbank, in particular, are likely to mean that it is a long time coming.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.