Julius Baer CIO Monthly – a view from the top on key market trends

The ECB has a window of opportunity ahead


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Chief Investment Officer, Yves Bonzon, tells Amanda Kayne why he believes that the European Central Bank has an opportunity between the French and German elections to reverse engineer negative interest rates - a policy mistake, he believes, from the onset. Expectations over a hike in deposit rates had already been building in markets until recently when the ECB made it clear it would not do so for now. A move of this kind was a missed opportunity in Yves' opinion since it would have sent a signal of confidence in the system and positively impacted the euro and European assets.
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Julius Baer CIO Monthly – a view from the top on key market trendsBy Bank Julius Baer & Co. Ltd.