Yesterday’s move by the ECB is another reason to think that monetary policy in Central and Eastern Europe (CEE) will remain loose for longer than most people expect. However, the impact of the ECB’s announcement on financial markets in CEE has been relatively muted. And even if it were to eventually adopt full-blown QE, there are good reasons to think that the spillovers to CEE might be limited.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.