BoNY predicts return of quantitative easing
LONDON - Quantitative easing will replace interest rates as the driving force behind the foreign exchange markets this year, according to Bank of New York Mellon.
Simon Derrick, head of the bank's currency strategy team in London, said that, with rates converging towards zero, monetary policy responses from governments will be more relevant. The extent of quantitative easing measures undertaken by a country and the amount of corporate debt being transferred to national level will become
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