This policy differs from the Bank’s past monetary easing policies, as well as monetary easing policies implemented by major central banks overseas, in that its policy effects focus on dispelling deflationary expectations by directly working on people’s expectations; in other words, on raising people’s inflation expectations. BIS central bankers’ speeches  1  The QQE The QQE comprises two elements.
The long term dominance of the US dollar in global financial markets may wane, raising the issue of whether reserve managers should seek to establish a more balanced currency composition of their asset portfolios, and if so, what criteria should guide this.