Draghi Dialing Down the Drama May Mark Wane of Monetary Activism
- ECB president showed no rush to extend QE even in weak economy
- Mark Carney said this week that BOE isn’t ‘trigger-happy’
Mario Draghi Talks Down ECB Asset-Buying Plans
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Central bankers might be becoming a little more sanguine about the limits to their powers.
Take European Central Bank President Mario Draghi, who on Thursday talked up the effectiveness of his institution’s stimulus policies to date, but damped expectations that he’ll load up with fresh asset-buying soon. His only new announcement after again downgrading euro-area growth forecasts was that officials will look into how to ensure the current program overcomes a worsening scarcity of bonds.