The European Central bank ECB is pictured in Frankfurt am Main, western Germany, on June 24, 2016. AFP / DANIEL ROLAND
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
FRANKFURT, Germany: European Central Bank President Mario Draghi will have a tricky task next Thursday: Give just enough clues about the bank's next move but not fuel undue expectations that could perturb markets.The ECB is facing weak growth and superlow inflation, which means Draghi will have to persuade investors that the ECB is ready to pull the trigger on more stimulus at the same time that he preserves an escape route, since the bank has already done unprecedented easing and its room to maneuver is limited.Draghi has already said inflation could rise to ECB's target of close to 2 percent by late 2018 or early 2019, which is an unusually upbeat projection.Still, markets expect asset buys to be extended by six months and see even more cheap funding for the bank sector, decisions most likely to come in December.
FOLLOW THIS ARTICLE