There is growing concern about the effect of continued quantitative easing (QE) by central banks around the world on asset prices, with some senior officials also speaking more publicly about the thorny issue of how monetary easing programmes can be exited.
Norman Chan, chief executive of the Hong Kong Monetary Authority (HKMA), warned on December 10 of the dangers of asset price increases driven by easing and not by economic fundamentals.
Chan said he fears economy recovery could be derailed if
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- All central banks may have to consider crypto-currencies – BIS