#QuantitativeEasing in the #Eurozone may continue till 1Q2019, which means the first rate increases, which can only come after it ends, may leave rates too low to have an impact if @ecb needs to lower them further @ the next downturn. via @elerianm @FT https://t.co/YwBDDCFmY3— Satyen Baindur (@Satyen_Baindur) April 26, 2018