Draghi Efforts Thwarted by Oil as Economists See More Easing
- Some 61% of respondents in Bloomberg survey see more stimulus
- Raising monthly QE amount, deposit-rate cut seen among options
Draghi Dilemma: Will the ECB Have to Do More?
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Mario Draghi may have to up the ante, and he has oil to blame.
More than 60 percent of economists surveyed by Bloomberg predict the European Central Bank president will announce more stimulus this year, up from 40 percent in December, after a renewed oil-price slump depressed the outlook for euro-area inflation. Fifty-seven percent of those say Draghi will expand monthly bond-buying from the current 60 billion euros ($66 billion), while 53 percent forecast another cut to the deposit rate.