Draghi Bingo Is ECB Watchers’ Game as Stimulus Boosts Prices
- ECB announces policy decision at 1:45 p.m. Frankfurt time
- President’s language in focus with no policy change forecast
ECB Holds Bond-Buying Steady, Watching Inflation
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As economists watch the European Central Bank inject three-quarters of a trillion euros into the financial system this year, they can while away the time by looking out for a change in language from Mario Draghi.
The ECB president is likely to insist that quantitative easing must continue to safeguard the euro area’s recovery when he speaks after the Governing Council sets policy on Thursday. But with an inflation pickup causing alarm in Germany, he may also be asked when he might describe the risks to the price outlook as “broadly balanced” -- a judgment he hasn’t made in more than two years.