ECB steps up stimulus but is it enough?

The European Central Bank is stepping up the pace of asset purchases in response to rising bonds yields, which have threatened to undermine the eurozone’s economic recovery. German bund yields rose to the highest level in a year last month while French 10-year bond yields climbed above zero for the first time since June. Eurozone bond markets have been tracking a rise in US Treasury yields on worries about higher inflation. But the ECB’s actions on Thursday prompted a rally in bonds, pushing yields lower. So has the bank done enough? In this podcast, ING’s Senior Rates Strategist Antoine Bouvet discusses the central bank's next move and the outlook for market interest rates in the months ahead.