Quotes from Bank of Cyprus:
-Volatility increased, but has continued to be relatively low during Q4 2014. The VIX averaged 15.85% well below its longterm average of 21% but slightly higher than 13.04% in Q3. During late September and early October, market nervousness managed to push the index higher over 25%.
-Overall, VIX managed to remain at relatively low levels for all 2014 averaging just below 14%. The ECB quantitative easing measures and low interest rate environment along with good GDP numbers from US, managed to pull VIX down to historical lows of less than 11% during the year.
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