What won’t be in the strategy review

AXA
By September 14, 2020 09:37

What won’t be in the strategy review

Key points

The divergence between a decisive Fed and a more hesitant ECB is an interesting debate but it hides the fact that on both sides of the Atlantic monetary policy through its traditional transmission channels is facing diminishing returns. Allowing financial space for fiscally accommodative government is probably the most efficient channel at the moment – not something likely to be made explicit in a “strategy review”. 

AXA
By September 14, 2020 09:37

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