Low interest rates seen lasting - Bank of Greece study
Low interest rates are likely to last, according to a study prepared by the Bank of Greece, the country's central bank.
Presenting the study results at a conference in Tirana last week, Dimitris Malliaropulos, chief economist, Director of the Economic Analysis and Research Department of the Bank of Greece, said that central banks are likely to continue to use quantitative easing (QE) in the future. The study is titled 'Monetary policy in a low interest rate world.'
"All in all, there is no strong case for a fundamental change in the monetary policy framework," said Malliaropulos.