LONDON, ENGLAND -- (Marketwire) -- 02/14/13 -- "QE has earned itself a nasty reputation because of its close and personal relationship with inflation, but in the current climate, it has become something of a necessary evil."

In her new column for World Finance, Rita Lobo investigates the benefits of quantitative easing. In her first column Rita Reflecting on the advantages of having interest rates lowered and how this might encourage both spending and demand, Lobo argues for a single economic goal: Encouraging output.

The possibility of yielding to higher rates of inflation should not hinder central banks' practising alternative monetary policies. In fact, there's a lot to be gained from allowing inflation to increase. "As we've learnt recently from both China and the US, there's a lot to be said for devaluing your currency."

Lobo's new column, "In defence of..." is a new weekly feature on www.worldfinance.com.

To read "In defence of...quantitative easing", click here http://www.worldfinance.com/home/contributors/in-defence-of-quantitative-easing

The March-April issue of World Finance will be in all good newsagents from mid-March, and contains an investigation into French tax management.

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