ECB corporate bond buying is a drag even on its biggest beneficiaries

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ECB corporate bond buying is a drag even on its biggest beneficiaries

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European Central Bank (ECB) on a sunny day, Frankfurt am Main, Germany | spaceport9 - stock.adobe.com

The European Central Bank has surely bought too many corporate bonds. When even the treasurers at some of the biggest beneficiaries are complaining about the market warping effects of the policy, can it really still be fit for purpose?

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