Key points
- The US Federal Reserve looks to be on the verge of more monetary easing and the European Central Bank has indicated it’s working on plans to buy bonds to reduce yields in troubled countries in concert with the European bailout fund.
- While such measures are not without risk and Europe invariably has implementation problems, on balance they should help sustain the global economic recovery.
- Action will ultimately be positive for growth assets such as shares , commodities, corporate debt and the $A.
2012 August 3 Olivers Insights_More monetary easing on the way
