Central Banks Have Limited Ability To Boost Bank Lending; Diminishing ReturnsMani
Limits to central bank powers are evident as despite aggressive monetary policy easing, their ability to boost bank lending and hence, economic growth, has been limited, believe Morgan Stanley analysts. Charles Goodhart and team point out in their March 8 “Global Economics” research note that though central banks still have ammunition left, repeated easing initiatives seem to have a diminishing effect on financial markets.
G4 bank lending remained sluggish
Goodhart and colleagues point out that . . .
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