Economics
Draghi’s Market Dialog Moves to Davos After ECB’s Groundhog Day
- ECB president primes markets for more stimulus on March 10
- Persistent ultra-low price growth worries policy makers
Nouriel Roubini: Global Economy Not Back to 2008
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A day after kicking off yet another European Central Bank stimulus review, Mario Draghi used Davos as a platform to convince investors he’ll do what’s needed to reignite consumer prices.
“We’ve plenty of instruments,” the ECB president said on Friday at the World Economic Forum in Switzerland. “We have the determination, and the willingness and the capacity of the Governing Council, to act and deploy these instruments.”