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Slow, slower, slowing

They're called QE's or LTROs or OMTs or Quantitative and Qualitative Easing with a Negative Interest Rate or a New Framework for Strengthening Monetary Easing: Quantitative and Qualitative Monetary Easing with Yield Curve Control, but it's competitive devaluation no matter how they're named.

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Read more: IMFFedLTROOMTQEWEOBOJChinaEurozoneInternational Monetary FundJapanUS TreasuriesWorld Economic Outlook