HSBC Explains How Markets Will Behave in a World of 'Quantitative Exhaustion'
What happens when banks need to ease again?
Quantitative Easing Is on the Wane, Here's Why
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Unconventional monetary policy has passed its best-before date, according to economists and strategists at HSBC.
They argue that the failure of the extraordinary stimulus deployed in the wake of the financial crisis can be demonstrated by the sugar high, rather than sustained lift, these actions gave to market-based measures of inflation expectations: