The Achievements of Five Years of the Bank's Monetary Easing Policy April 2018 marked five full years since the Bank introduced bold monetary easing with its policy of QQE.
For this reason, monetary policy over the past five years has been the subject of a large number of articles in newspapers and magazines assessing QQE from a variety of perspectives.1 Many of the assessments pointed out that the 2 percent price stability target had not been achieved and argued that the dangers associated with monetary easing had not been addressed.