ECB QE is Uneven Benefiting Core More Than Periphery: Capital EconomicsMark Melin
ECB QE is uneven, but a corporate bond buying program favoring the largest corporations may not discriminate across geographic lines.
Quantitative easing in Europe has gotten off to a decent start, providing some support to stocks and economic sentiment in the region, Capital Economics noted. The problem, however, is that QE purchases have been uneven, structural reforms are unlikely to deliver an immediate boost to the economy and perhaps most significant “the euro-zone’s growth prospects remain dim,” analyst Jack Allen concluded. The report comes as Capital Economics has Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click chat