Prof. Lalith Samarakoon: As US interest rates rise, no space for Sri Lanka to wait and see
March 16, 2015
Two contrasting developments associated with USA and EU
Two contrasting developments are now taking place in the global monetary arrangements. On one side, US Federal Reserve, known as the Fed, which had introduced an unconventional monetary stimulus called quantitative easing or QE from around end-2008 is planning to gradually withdraw it from June 2015. On the other side, European Central Bank or ECB, in desperation of the failure to arrest slow economic growth and rising unemployment, has introduced QE in the Euro area.