LONDON (Reuters) -The European Central Bank could prove a lot more dovish in its approach to monetary policy than the market currently expects, Vincent Mortier, chief investment officer at Amundi, said on Wednesday.
Markets currently show traders see little chance of the ECB lowering rates over the coming year. President Christine Lagarde has said several times the central bank is “in a good place” with regards to monetary policy.
Mortier said the company was positive on European duration and held an overweight position across what he called “the full spectrum” of emerging market bonds.
Amundi is Europe’s largest asset manager and manages 2.3 billion euros ($2.66 billion).
(Reporting by Yoruk Bahceli; Writing by Amanda Cooper; Editing by Alun John)
