The OECD said the effectiveness of the UK's asset purchase programme - the so-called quantitative easing programme - was uncertain.

OECD认为英国的资产收购计划--也就是所谓的量化宽松计划并不十分奏效。

youdao

One reason may be that the Federal Reserve has been buying so much of the year’s debt issuance, as part of its quantitative easing programme.

原因之一可能是联邦储备购买了大量今年发行的债券作为其“定量宽松”政策*的一部分。

youdao

On the other hand, the world economy as a whole would enjoy the equivalent of a huge quantitative easing programme, helping to spur sputtering economic growth.

另一方面，油价大跌等价于一次超大规模量化宽松计划，它将有助于刺激磕磕绊绊的经济增长，全球经济总体会因此受益。

youdao

It also criticised the Treasury's understanding of the Bank of England's quantitative easing programme.

BBC: Treasury attempts to boost lending have 'failed', MPs say

The Bank has now suspended its quantitative easing programme, but the government needs to borrow a great deal of money in the coming year.

BBC: Who owns the UK's debt?

One reason may be that the Federal Reserve has been buying so much of the year's debt issuance, as part of its quantitative easing programme.

ECONOMIST: Why the dollar is falling