People wearing face masks walk in front of a big Euro sign in Frankfurt am Main, western Germany, as the European Central Bank (ECB) headquarters can be seen in the background on April, 24, 2020.
LONDON — A substantial portion of investors expect the U.S. Federal Reserve and the European Central Bank to keep monetary policy slightly too loose for too long, according to a Deutsche Bank survey.
By contrast, 45% see a bigger risk of the Bank of England making a hawkish policy error, compared to 20% for "about right" and 20% for dovish.
Central bank policymakers have been striking a cautious tone in recent weeks, seemingly adopting a "wait and see" approach to inflation and the prospect of hiking rates.
He noted that along with "deteriorating asset quality," banks' "excessive search for yield" was feeding growing demand for leverage, increasing market risk.
Andrew Bailey, ECB Andrea Enria, Enria
European Central Bank, LONDON, U.S . Federal Reserve, Deutsche Bank, ECB, Bank of England, dovish, Sunday, Monetary Affairs
Frankfurt, Germany, Central