The global economy is cooling off, and there are signs that interest rates could soon be put on pause. Analysts suggest central banks may soon relax their monetary policy, the first such shift since their mid-2018 rate hikes.
Bitcoin prices soared on Friday in response to signals from the European Central Bank (ECB) that it will put an end to its policy of raising interest rates. The news sent investor confidence soaring, pushing Bitcoin to a three-week high.
Quantitative easing is an unconventional monetary policy employed by central banks to stimulate economic growth. It involves the purchase of government bonds and other financial assets, which pumps money into the economy and lowers interest rates.