Old Mutual Global Investors' head of equities Richard Buxton has said he is 'deeply sceptical' of the impact quantitative easing will have on the eurozone.
European Central Bank president Mario Draghi is expected to announce a €550bn bond purchase programme this week as he tries to steer Europe away from deflation and weaken the euro. The single currency dropped sharply last week following the Swiss National Bank's decision last week to abandon the Swiss franc's peg to the euro, which had been in place in 2011. Buxton (pictured) said: "All eyes at the moment are on Mario Draghi, and whether or not, having been given the green light to do so, he will push the button on full-blown quantitative easing. "I remain deeply sceptical over the...
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