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Investment Outlook 2020 - Hotel California: No Leaving QE

Central bank policy is moving backwards now instead of forward, with three rate cuts reversed so far in the US and the European Central Bank (ECB) relaunching quantitative easing (QE). ‘Lower-for-longer’ risks are becoming a permanent state of affairs, with major significant implications for fixed income markets and investors. ...

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BNP Paribas Asset Management