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Draghi Seen Taking Slowest Possible Path Out of ECB Stimulus

  • Economists only predict change to language on growth risks
  • Governing Council scheduled to meet in Tallinn on June 7-8
Updated on

The European Central Bank has convinced economists that it’ll take policy normalization as gradually as it can.

Ninety percent of respondents in a Bloomberg survey said the ECB will use its meeting on Thursday to acknowledge that the risks surrounding the euro area’s recovery are balanced. Beyond that, the 60 analysts are split on whether the central bank will remove its easing bias on interest rates, and the proportion expecting an announcement by September on the future of the bond-buying program has fallen since the previous poll.