ECB has ‘misunderstood CP market’, says agency funding boss
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ECB has ‘misunderstood CP market’, says agency funding boss


The European Central Bank’s purchase programme will do little to aid agencies in raising cash in the commercial paper market, making little difference to rising borrowing costs and expanding programmes, according to Jérôme Margerin, head of short-term funding at ACOSS, one of Europe’s largest non-sovereign CP issuers.

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