Draghi's Groundhog Day Heralds Seven Weeks of ECB Market Dialog
- ECB president promises no surrender on inflation goal
- Challenge is to avoid repeat of Dec. 3 investor disappointment
Draghi: Rates Can Only Go Lower From Here
This article is for subscribers only.
Once again, Mario Draghi has given himself a month and a half to convince investors he’ll do what’s needed to reignite consumer prices. This time he may hone the message more.
The European Central Bank president’s hint that policy makers will bolster stimulus on March 10 raises the prospect of the Governing Council delivering another expansion to its 1.5 trillion-euro ($1.6 trillion) bond-buying program, including potentially taking it into new asset classes. Emphasizing the ECB’s ambition to reporters on Thursday, Draghi said that there are “no limits” to how far officials will go to safeguard their inflation goal.