While the US ceased its QE programme in 2014, the Bank of Japan and the European Central Bank have maintained theirs while the Bank of England recently resumed its QE programme in the wake of the UK’s decision to leave the European Union. Interest rates in the advanced economies remain extremely low and in some instances in fact negative.
But it is more than a sole advisory board, serving EFSE as an information source to stay abreast of financial sector developments in the region from a policy maker’s perspective. It provides a platform for regional exchange on financial sector issues.