ECB Left With No Choice But Action After Draghi's Priming
- All economists in survey predict more stimulus on Dec. 3
- With deposit-rate cut priced in, ECB may need to over-deliver
Draghi, Yellen and the Expectations of Global Markets
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Mario Draghi has no room to back down.
Economists surveyed by Bloomberg unanimously predict the European Central Bank will boost stimulus again this week, less than halfway through a 1.1 trillion-euro ($1.2 trillion) bond-buying program, and most foresee multiple measures. The institution’s president must now find a way to meet expectations or risk an investor backlash that could stymie the euro-area recovery.