For a while, it looked like quantitative easing’s star had faded a little. But the Bank of England’s decisions last week mark a break with that trend and a new strand in the policy divergence debate. Active purchases have been dormant for some time: Monday’s debut operations under the new £60 billion... The BOE itself had appeared to cool on the prospects of further bond buying. Negative rates had become the latest central-banking fad.

Source: Wall Street Journal August 08, 2016 09:00 UTC