New monetary policy Matt Cardy/Getty Images

货币政策的新非常态

纽约—金融市场正在开始因为许多发达经济体逐渐退出非常规货币政策而陷入慌乱。要不了多久,日本银行和瑞士国民银行就将成为仅有的仍保持长期非常规货币政策的央行。

美联储从2014年开始逐渐退出其资产购买计划(即量化宽松,简称QE),从2015年年底开始了利率正常化进程。欧洲央行现在也在考虑2018年推出其自身的QE政策的节奏,以及何时也开始退出负利率。

类似地,英格兰银行已经结束了始于去年英国脱欧公投后的最新一轮QE,并在考虑提高利率。加拿大银行和澳大利亚储备银行都释放出即将提高利率的信号。

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