Investors Wonder if the ECB Can Do Enough to Make a Difference

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Investors Wonder if the ECB Can Do Enough to Make a Difference
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The ECB meets Thursday with expectations high that outgoing President Mario Draghi will push to ease policy—or at least promise that it will do so in coming months

The European Central Bank has convinced financial markets that it will act. The question is, among its grab bag of possible moves, will it do more than investors expect?

The central bank meets Thursday with expectations high that outgoing ECB President Mario Draghi will push to ease policy—or at least promise that it will do so in coming months. Markets have responded by sending bond yields into deeply negative territory.

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