'Although we recognise that bond-buying is not a silver bullet, and that other parallel measures are necessary to reinvigorate 'new blood' in the EU economy, this is a positive stepping stone. We hope that this initiative will not face too much opposition, leaving the door open to longer term Quantitative Easing' Chas Roy-Chowdhury explains.
'We would also encourage the ECB to consider in tandem reducing interest rates to zero or even into the negative, as the Danish central bank did in the past few days' Chas Roy-Chowdhury concludes.