The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the "Luminale, light and building" event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo
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European Central Bank chief Mario Draghi will be under pressure this week to clarify the bank's stimulus plans after investors were spooked by talk of an end to its massive bond-buying program.Despite some positive signals in recent months, eurozone growth has remained sluggish and inflation stubbornly low -- suggesting more, not less, stimulus is needed.At 0.4 percent, however, inflation is still far below the ECB's target of just under 2.0 percent.The ECB said in its most recent forecast that it expects inflation to reach 1.6 percent by 2018 as the stimulus efforts pay off.Most analysts believe the bank will hold off on announcing any fresh monetary support until a key meeting on Dec. 8, when it will unveil its latest growth and inflation projections for the euro area which help guide its decisions.
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