T. Rowe manager: ECB QE hint to stabilise credit markets

T. Rowe Price’s Michael Della Vedova has hailed the European Central Bank’s hint it may extend its €1.1trn quantitative easing programme, reports FT Adviser. The manager of the T. Rowe Price European High Yield Bond Fund explains the suggestion – which reflects the ECB’s supportive stance on growth – will help stabilise the region’s credit markets.