Off to the Races

The start of the year was dominated by Central Bank Policy and Politics. Investors welcomed the decision by the European Central Bank to take the plunge and announce the start of government bond buying (QE). The scale is larger than expected and should provide some help to the ailing Eurozone economy. It comes just in time to quell fears over Greece where the far-left party Syriza seized power on a manifesto to end austerity and push for easing of bail-out conditions.

Read the full commentary here.