Draghi Seen Sharpening Language as ECB Fights Low Inflation
- ECB to release new forecasts for growth and consumer prices
- Draghi may lay out conditions under which QE could be expanded
ECB's Fight for Low Inflation
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Mario Draghi may need to convince investors that when he says he’s ready to act, he means it.
Weaker commodity prices, slowing trade and a rout in global equities make it likely the European Central Bank president will downgrade the institution’s quarterly inflation forecasts at his press conference on Thursday. While economists see further policy action as unlikely for now, they’ll be tuned in for any language indicating the ECB’s 1.1 trillion-euro ($1.2 trillion) quantitative-easing program could be expanded.