Saturday December 7, 2019

COMMENT: Ample discussion but little action from ECB

The ECB has surely now run out of road in terms of promising to do something – it will soon have to decide whether to actually act, or not, writes Cliff Taylor.

3rd April, 2014
Cliff Taylor: "The ECB has surely now run out of road in terms of promising to do something – it will soon have to decide whether to actually act, or not."

The ECB had an “ample and rich” discussion on the policy options open to it, according to president Mario Draghi, speaking after today’s monthly press conference.

The view of many economists might be summed up by the old lyric “a little less conversation, a little more action, please.” The ECB hinted that it may do more to combat the risk of low growth and very low inflation. Draghi emphasized that it...

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