Draghi's Riddle of Missing Inflation Argues for ECB Patience
- ECB president has quarterly hearing at European Parliament
- Recovery is strengthening but with little inflation in sight
Swissquote Says Draghi Has to Be Dovish Today
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When Mario Draghi is asked on Monday why the European Central Bank can’t yet signal tightening for the region’s resurgent economy, he can respond with a question of his own: Where’s the inflation?
At his quarterly grilling before the European Parliament -- and his final scheduled appearance before next week’s monetary-policy decision -- the ECB president is likely to be pressed about his plans for stimulus withdrawal. While euro-area data this week may show the strongest economic confidence in a decade and the lowest unemployment since 2009, Draghi can still point to consumer prices that are struggling to lift off.