Draghi Says $2.4 Trillion Stimulus May Not Be Enough for ECB
- Bond buying extended to end-2017 at 60 billion euros a month
- Central bank sees inflation still short of goal even in 2019
Draghi's Stimulus Statement in 90 Seconds
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Mario Draghi warned that the region’s feeble inflation outlook means European Central Bank stimulus won’t end any time soon.
“The presence of the ECB on markets will be there for a long time,” the institution’s president said in Frankfurt after the Governing Council agreed to add more than half a trillion euros to its bond-buying program and extend it until at least the end of 2017. Quantitative easing is “in a sense open-ended, it’s state-contingent,” he said.