The headquarters of the European Central Bank is pictured through plants in Frankfurt, Germany, Wednesday, Sept. 7, 2016. (AP Photo/Michael Probst)
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For the European Central Bank and its president, Mario Draghi, Donald Trump's unexpected election victory has complicated an impending day of decision on whether to expand monetary stimulus efforts. The ECB has so far avoided giving a clear signal on the future of its 1.74 trillion euro ($1.9 trillion) bond-buying program, which pumps 80 billion euros in newly created money into the economy every month in an attempt to spur growth and inflation.Others, like Ben May, an economist at Oxford Economics, argue that a steady improvement in the eurozone economy could lead the ECB to announce a tapering of its stimulus program, or to put off its decision for a month.Inflation has crept up to 0.5 percent in October, far from the ECB's goal of just under 2 percent, but better than the negative readings as recently as May.All that uncertainty could depress business activity as people await the votes outcome, IHS Global Insight economist Howard Archer said.His view is that the ECB will next month extend its bond-buying stimulus program by six months.
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