Ben Luk of JP Morgan Asset Management says the Chinese government needs to push through further monetary and fiscal measures to tide over the crisis. However, the likelihood of further intervention in the equity markets is rather low.
El-Erian said that the Fed didn`t taper its USD 85 billion-per-month asset-purchase program for three basic reasons: A tepid economic recovery, continuing high unemployment and the looming debt-ceiling fight in Washington.
CNBC-TV18 spoke to some analysts on how the markets will react to LTRO 2.0. Check out their comments.