The Hidden Easing? BoJ boosts cash injections again and Fed reverses uphill!

by Angela Cozzini22. May 2015 14:51

Our Weekly Liquidity Conditions report has just been published. 

  • BoJ liquidity expansion is gathering pace. Net liquidity provision has hit a record Y213.3tr and monetary base is expanding at a 53.2% 3m annualised clip
  • Expansionary BoJ and ECB are leading the latest round of QE
  • Fed tightening not happening as quickly as anticipated: we expect the Fed to resume QE later in 2015 in face of a weaker economy
  • BoE liquidity provision has increased in recent weeks


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