The ECB is likely to hold off; it seems to consider QE as a weapon of last resort.

ECB的态度是尽可能延缓推出QE，在它看来，QE是最后的武器。

But the stigma is fading. Indeed some central banks now say they are doing QE even when they aren't.

这种污名正在消失。一些央行现在确实表示自己正在实施量化宽松政策，尽管他们并没有这么做。

When buying bonds during quantitative easing (qe), policymakers were unsure about the impact of their growing balance-sheets.

在量化宽松 (qe) 期间购买债券时，政策制定者不确定其不断增长的资产负债表的影响。

One effect of qe is that it reduces the spread between the low borrowing costs of Germany and those of indebted economies like Italy.

量化宽松的效果之一是它缩小了德国的低借贷成本与意大利等负债经济体之间的利差。

But use of the facility has jumped in recent years, owing to vast quantitative easing (qe) during covid-19 and regulatory tweaks which left banks laden with cash.

但近年来，由于 covid-19 期间的大规模量化宽松 (qe) 和监管调整导致银行现金充裕，该工具的使用率大幅上升。