Expect further central bank intervention
Yannick Naud (pictured), Portfolio Manager at Glendevon King Asset Management is execpting further central bank intervention…
This type of coordinated emergency intervention is reminiscent with what has been done during 2008-2009. The liquidity situation today is in fact much worse than during 2008 for a large number of institutions for example within the Eurozone area.
We should expect further intervention I think in the near future given the seriousness of current economic woes.
So far Quantitative Easing for example were unilateral moves from National Central Banks. It might not be farfetched to imagine six central banks deciding on a new round of QE (and a first one for ECB) at the very same time in order to have a much greater impact on the market.
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