Draghi Plays Down ECB Rift as Officials Study More Stimulus
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European Central Bank President Mario Draghi said he’ll be ready to boost stimulus to the economy if needed, as he dismissed claims of acting without the backing of his colleagues.
Responding to questions on his management style and whether there is a faction of dissent among officials, Draghi signaled that he has the support to expand the ECB’s current range of asset purchases. He also said the institution’s actions are expected to push its balance sheet back toward 3 trillion euros ($3.73 trillion).