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vendredi 13 septembre 2019
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Goodbye and thank you 'Super Mario'
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By Mark DOWDING, CIO at BlueBay Asset Management
As Draghi leaves big shoes to fill, all eyes turn to the Fed, with rate-cut speculation leaving risk-takers deliberating their US exposures.
In his penultimate meeting as ECB chair, Mario Draghi drove through a comprehensive package of monetary easing measures designed to offer ongoing support to the eurozone economy that should last well into Christine Lagarde's tenure in office. Notwithstanding objections from hawks, which had been voiced in the run-up to the meeting, 'Super Mario' carried the day.
By making QE extensions open-ended, we feel that QE-finity will be the focus of ECB policy from this point and, notwithstanding measures...
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