Thursday, November 6, 2014

The divergence in G-3 monetary policies took more definite shape in October. The Fed ended QE3 with a final $15 billion purchase of securities, while the ECB has bought some €4.8 billion in covered bonds during the first two weeks of its program. Most spectacular was the BoJ announcement on October 31 to increase Japan’s monetary base from ¥60-70 trillion a year to ¥80 trillion annually by stepping up the buying of longer-term JGBs and a wider range of private-sector securities.

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Executive Managing Director, Global Capital Markets
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htran@iif.com
Senior Director
Global Capital Markets
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sgibbs@iif.com
Deputy Director
Global Capital Markets
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pticu@iif.com
Senior Financial Economist
Global Capital Markets
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zaksoy@iif.com
Deputy Director
Global Capital Markets
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etiftik@iif.com
Senior Research Analyst
Global Capital Markets
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fnguyen@iif.com

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