Launched three years ago to fight off the threat of deflation, the ECB's 2.55 trillion euro ($ 3.14 trillion) bond purchase programme has kept borrowing costs low to induce spending and investment, all with the ultimate aim of generating inflation. (cnbc.com)
While that might be reasonable in an environment of stronger global growth, «it is, perhaps, not a multiple appropriate for a sloppy expansion in the U.S. and threats of deflation and recession elsewhere,» Colas said. (cnbc.com)
William Bernstein commented at the recent Bogleheads Conference that the threat of deflation has all but disappeared in the fiat money era. (monevator.com)