Given this situation, I consider that a reduction in the pace of the Bank's JGB purchases will only marginally decrease the additional effects of QQE, while it can restrain the increase in its side effects, thereby enabling the balance between the positive effects and the side effects to improve. 6  BIS central bankers’ speeches  2.
The establishment of the Strategic Banking Corporation of Ireland (SBCI) has provided a further source of funding to Irish SMEs.