SSA market hopes ECB to answer QE quiz
With asset prices inflated to levels that would have seemed impossible a few years ago, capital market participants are looking forward to the European Central Bank’s (ECB’s) eventual exit from its quantitative easing (QE) programme with a mix of hope and dread, writes Lewis McLellan.
Most market participants GlobalCapital spoke to agreed that some normalisation of the yield curve would be a healthy development for the market. However, the feeling is that a return to normality must not come at the expense of market functionality.Weaning the market off the ECB’s €60bn per ...
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