Can the ECB Teach an Old Dog New Tricks?
Loomis Sayles Credit Research
MARCH 13, 2023
The European Central Bank (ECB) has started unwinding its largest quantitative policy measure on record. In early 2014, the ECB began a major new policy, introducing negative rates and large-scale asset purchases in conjunction with more aggressive forward guidance on interest rates. What could that mean for the markets?
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