File - Draghi’s goal will be to convince investors he has a strategy to reinvigorate the economy.
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Mario Draghi is likely to announce a 550 billion-euro ($635 billion) bond-purchase program this week and won't skimp too much on the details, economists say.About half of economists in the Bloomberg survey forecast the ECB will announce a total purchase size, and 15 percent said it'll limit itself to a monthly amount. Monthly buying could continue for a predetermined period, or until inflation is back at the ECB's goal of just under 2 percent. Draghi intends to expand the ECB's balance sheet to as much as 3 trillion euros through asset purchases and loans to banks. The central bank currently has assets of 2.2 trillion euros, though that's likely to shrink in coming weeks as 200 billion euros of crisis-era loans to banks mature.More than two-thirds of respondents in the Bloomberg survey said the ECB will use the capital key to set asset-buying, and 27 percent said national central banks will shoulder at least some of the risk on their own.
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