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26 Jan 2015
NZ PM Key: Kiwi to enter range, ECB QE not silver bullet
FXStreet (Bali) - New Zealand Prime Minister Key - former currency trader - is crossing the wires - via an interview conducted in Davos -, noting that the Kiwi is expected to trade in a range in coming months, while adding that ECB's QE alone will not fix Europe’s problems.
Additional headlines - via Bloomberg
“If people think ECB QE will be the magic silver bullet, then I think they’re wrong”
“As we saw in Japan, it buys you some time, but it can’t fix the underlying issues of competitiveness.”
“It’s easy to say, but ultimately as we’ve seen in Japan, where they’ve had QE, it’s a short-term sugar hit."
"If you really want a long-term fix for your economy, you have to undertake structural reform. The question here is whether such a big program ultimately just masks that structural reform and in a way delays the inevitable.”
Additional headlines - via Bloomberg
“If people think ECB QE will be the magic silver bullet, then I think they’re wrong”
“As we saw in Japan, it buys you some time, but it can’t fix the underlying issues of competitiveness.”
“It’s easy to say, but ultimately as we’ve seen in Japan, where they’ve had QE, it’s a short-term sugar hit."
"If you really want a long-term fix for your economy, you have to undertake structural reform. The question here is whether such a big program ultimately just masks that structural reform and in a way delays the inevitable.”