By Kristina Hooper, Chief Global market Strategist
Weekly Market Compass: If governments aren't willing to enact fiscal stimulus, central banks may need to consider more hands-on ways to promote spending
Last week, the European Central Bank ((ECB)) decided to take a significant step away from normalization and toward more accommodation. It cut the deposit facility rate by 0.1% to a level of -0.5% (the first time the deposit rate has changed since 2016) and announced a re-ignition of quantitative easing ((QE)).1 The ECB will begin purchasing €20 billion worth of assets each month beginning