Draghi Orders ECB to Review QE Program Amid Bond Scarcity
- ECB president says committees studying bond-purchase delivery
- Economic forecasts only marginally revised compared with June
Draghi: Rates Will Remain Low for Extended Period of Time
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Mario Draghi said the European Central Bank will study how to ensure its quantitative-easing program doesn’t run out of bonds to buy, while playing down the need to commit to fresh stimulus just yet.
With only six months to go until the scheduled end of QE, the ECB president needs to weigh signs that the region’s recovery is losing momentum against increasing concern about asset scarcity. The central bank has missed its target of inflation just under 2 percent for over three years and updated projections on Thursday showed it doesn’t foresee reaching the goal before late 2018.