No Reason for ECB to Act Until the Summer, Says Moec

Mario Draghi has two stubborn adversaries -- low inflation everywhere, and low regard in Germany. He’s now extending his offensive on both fronts. A recovery in credit, and output proving resilient to global shocks, are buttressing the European Central Bank’s argument that the range of stimulus measures it bolstered only last month is working. On Thursday, the ECB president used that evidence to make ground against German critics who say he’s on the wrong track. Merrill Lynch Chief European Economist Gilles Moec discusses with Bloomberg’s Anna Edwards on “Countdown.”

ADB Raises Developing Asia 2017 GDP Forecast to 5.9%
16:14 - Asia Development Bank Chief Economist Yasuyuki Sawada discusses the latest economic forecast. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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