Central bankers assess markets’ reactions to policy changes
Benoît Cœuré warns of complacency among investors as central banks move to normalise
European Central Bank executive board member Benoît Cœuré warned that complacency among investors is preventing proper risk pricing – a factor he thinks explains the flattening of the yield curve – during a panel debate today (January 26) on the future of monetary policy at the World Economic Forum in Davos.
Cœuré also said the bond-buying programmes, or quantitative easing, devised and implemented by advanced-economy central banks, have been a success. He believes they are one of the main
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