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Exact(5)
The idea behind easing is to put downward pressure on long-term interest rates.
He added: "I think part of the strategy of easing is to improve the availability and reduce the cost of debt to the corporate sector in the UK.
No one knows for sure because each new round of strong monetary easing is to some degree experimental.
The point of quantitative easing is to get more money to businesses so they can invest and grow.
If quantitative easing is to work, a central bank has to somehow break the deflationary psychology and persuade people that prices will start rising.
Similar(55)
It's a sign that markets doubt the scale of the ECB's monetary easing is enough to be effective to counteract deflation.
"The impact of monetary easing is similar to currency intervention.
Over the next few weeks, more monetary easing is likely to be needed.
This week's stock market euphoria at the prospect of Fed easing is likely to be temporary.
Its shares have suffered more than those of other big banks, so any sign that the crisis is easing is likely to be greeted favorably by shareholders.
"I think ultimately easing is going to be continuous, with many waves, like the Rocky films," he said.
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