Draghi Nears His QE3 as ECB Seen Relying on More Stimulus
- Economists predict extension of bond buying past March 2017
- Almost half of survey respondents expect ECB action this week
ECB Likely to Extend QE Into 2018, Says Komileva
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If at first you don’t succeed, extend, and then extend again.
With euro-area inflation stuck near zero for almost two years and Brexit now threatening to undercut the region’s recovery, economists see European Central Bank President Mario Draghi as highly likely to lengthen quantitative easing for a second time. That would take the asset-buying program beyond its current end-date of March 2017 and above the target of 1.7 trillion euros ($1.9 trillion).