Central banks need escape route from cycle of boom and bust

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He adds that although the pace and magnitude of monetary easing increased over successive cycles, recessions still became yet more severe.

This simply does not square with what has happened in the era of financial deregulation which has been marked by repeated, ever larger financial bubbles that threaten growth prospects.

What we know for sure is that ultra-low interest rates after the 2007-09 financial crisis were morally hazardous, encouraging a huge increase in borrowing.

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Article Details

Author / Journalist: John Plender

Category: MarketsFinanceInvesting

Markets: United StatesJapan

Topics: Easing Central Banks Financial Monetary Cent Inflation Debt Markets Policy Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 20:00:43 (3 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 856 words

Reading Time: 5 minutes read

Sentences: 40 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23422795

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #3

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