Hot air fear intensifies as ECB seeks ABS consultant

More market participants are starting to question the European Central Bank’s ability to successfully revive the European asset-backed securities market after another Mario Draghi press conference went by without further detail on Thursday, except for the president saying a consultant would be hired to advise on its promised ABS purchase programme.
Draghi was on tight-lipped form on Thursday, saying again that the ECB had intensified work on the ABS purchase programme and that it was in the process of hiring a consultant to help with it. He said he expected the programme to materialise but that no final decision
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