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VIEW: Rabobank: Conditionality Presents Major Obstacle To Sterilisation

ECB

In the wake of this morning’s RTRS sources piece re: sterilisation matters Rabobank note that “sterilisation rather than asset sales was our base case for the new scheme (and certainly the most logical solution for asset purchases in a rate rising environment). However, we still think that any conditionality will prove a major obstacle for the scheme and means that the ECB is likely to take more than one attempt to end up with something that achieves the desired objective.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
EM BulletHomepageFixed Income BulletsEuropean Central Bank (ECB) Market NewsBulletMarketsEmerging Market NewsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
EM BulletHomepageFixed Income BulletsEuropean Central Bank (ECB) Market NewsBulletMarketsEmerging Market NewsForeign Exchange Bullets

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