Monetary policy exceptionally accommodative for a prolonged period

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Title: Monetary policy exceptionally accommodative for a prolonged period
Author: Liikanen, Erkki
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 89
Series number: 4/2015
Year of publication: 2015
Publication date: 24.9.2015
Pages: 3-4
Subject (yso): rahapolitiikka; inflaatio
Keywords: EKP; maailmantalous; taloustilanne;
Other keywords: inflation; monetary policy; economic situation; global economy; ECB
Abstract: The outlook for the global economy weakened during summer 2015. The sudden slowdown in economic growth in China was reflected in a considerable weakening of global stock markets and rising long-term interest rates. The global economy has also been affected by uncertainty about the timing of the US Federal Reserve’s monetary policy tightening. Capital inflows shifting into capital outflows from emerging economies has impaired their prospects. In the euro area, growth has been held back by the weakness of the Greek economy.
Note: Editorial

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