Buxton 'deeply sceptical' on eurozone QE

Laura Dew
clock

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: High-yield investors should keep a close eye on the default cycle

Partner Insight: High-yield investors should keep a close eye on the default cycle

As central banks start to think about cutting interest rates, forecasts for a peak in credit default rates are not far behind — and could happen sooner than expected, says Wellington Management’s Alex King.

Sarka Halas
clock 27 March 2024 • 2 min read
Partner Insight: Navigating a new era for investing

Partner Insight: Navigating a new era for investing

Across the developed world, inflation is back and here to stay, says Wellington Management’s John Butler.

Sarka Halas
clock 13 March 2024 • 2 min read
Partner Insight: Should investors go global for more impact?

Partner Insight: Should investors go global for more impact?

Global investing offers scope for broader social impact as well as financial returns.

Sarka Halas
clock 11 March 2024 • 1 min read
Trustpilot