Top News | Mar 4, 2015
LGT Beacon: Europe before the launch of QE
The European Central Bank is set to formally launch its program of quantitative easing (QE) in the coming days. With the program’s key parameters already widely known, its impact might seem to be largely “priced-in” by now. Still, Europe’s QE should not be underestimated. A comparison with the Japanese yen’s trading pattern two year ago, and the sheer size of the program, suggest that the longer-term devaluation process is still far from over for the euro.