Expectation of Central Bank Action Is Too High: Pro

4:00 AM ET Wed, 1 Aug 2012

"We think that expectations are a little bit high in terms of the ECB and for that matter also the Federal Reserve, it is very difficult to see them deliver really game changing action at this point, with regards to the ECB they are probably waiting for more signals from policy makers and politicians," Frederic Neumann, MD and co-head of Asia at HSBC, told CNBC.