How Accommodative is ECB's Monetary Policy?
The European Central Bank’s plan to lend out securities is more likely to boost bond-market liquidity than reduce shortages in the repurchase market caused by the central bank’s debt buying program. This is because the policy maker accepts only bonds as collateral rather than other assets, such as cash, strategists say. Hermes Fund Managers Senior Credit Analyst Filippo Alloatti discusses with Guy Johnson in London and Matt Miller in Frankfurt on "Bloomberg Markets: European Open." (Source: Bloomberg)