IFR Comment: Central bank easing fails to lift risk sentiment
Following on from an extension of twist operations from the Fed on June 20 we now have three major central banks (PBoC, BoE, and ECB) delivering monetary stimulus in the space of an hour. There is no doubt that the first word that comes to mind is ’co-ordination’ however what is more important is the fact that monetary easing is having limited impact in boosting risk markets.
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