Central bankers move into risky assets

Dreadful returns on U.S Treasuries are causing central bankers around the world to move cash into higher-risk assets like equities and “exotic currencies,” reports the Financial Times.

“A poll of 60 central bankers responsible for reserves worth $6.7tn, conducted by trade journal Central Banking Publications and the Royal Bank of Scotland, sheds light on the secretive world of official sector investments. The response to the crisis by the major monetary authorities has had a profound impact, the poll found – more than four-fifths of respondents said the aggressive monetary easing of the Federal Reserve and the European Central Bank had altered their behavior,” the report explains.

Read more here.

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