Will Monetary Policy Alone Bolster European Economy?
Europe’s government bond markets are offering Mario Draghi some respite before the European Central Bank announces its latest policy decision. German 10-year bund yields approached the highest level in four weeks as traders held off bets that officials are likely to deliver any more easing measures. Last month policy makers cut rates and expanded the asset-purchase program to include corporate bonds in an effort to return inflation back toward their goal of just under 2 percent. JP Morgan Asset Management Head of Fixed Income for Germany Michael Mewes discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”