Monday June 1, 2020

Draghi expected to defer further ECB action for now

The ECB governing council meets on Thursday to decide on monetary policy

18th July, 2016
ECB president Mario Draghi

Just like Mark Carney, Mario Draghi can afford to wait a bit before adding more monetary stimulus.

“The ECB is still very much in easing bias and has admitted that the Brexit shock could knock a cumulative half percentage point off euro-zone growth over the next three years,” said Alan McQuaid, chief economist at Merrion Capital in Dublin. “It will do whatever it takes to boost growth and push inflation up but, as with most...

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