Germany Ruling Won’t Constrain ECB in Short Term, JPMorgan Says

May.05 — European Central Bank policy makers have three months to prove to Germany’s highest court that its asset-purchase program is lawful, after judges said that some parts of the scheme aren’t backed by European Union treaties. John Normand, head of cross-asset fundamental strategy at JPMorgan, says that the ruling won’t constrain ECB policy in the short term. He speaks on “Bloomberg Surveillance.”

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