Saxo Bank bond strategist says low rates likely here to stay

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Saxo Bank bond strategist says low rates likely...
 © BusinessMail 2017
By Stelios Orphanides

As the European Central Bank (ECB) is unlikely to change its accommodating monetary policy in the foreseeable future, governments are likely to continue benefiting from low borrowing costs, a Saxo Bank official said.

The ECB, which in recent years resorted to negative rates and an expanded asset purchase programme in an attempt to help the euro area’s economy avoid deflation, has faced criticism mainly in Germany.

Despite a combination of external factors outweighing improvement conditions in the euro area the ECB “is no way near to revealing a near...


Saxo Bank bond strategist says low rates likely here to stay


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