And many others who, precisely, warn of the risks and costs should these measures become permanent. Ultimately, explanations are needed. More transparency and certainty regarding the future strategy of monetary policy. And this is by no means easy in a scenario as complex as the current one. In a Reuters poll published last Friday, the majority of economists were inclined to believe there would be no changes in monetary policy this coming Thursday. In fact, they also bet that it would be decided to extend the monthly asset purchases for another six months beyond the next March deadline.
As you can see, the norm is to expect that nothing will change. This is striking, considering that eight years after the Great Recession, there have indeed been improvements in economic and financial conditions, and the word inflation is increasingly heard (as opposed to deflation previously).
