ECB Searches for Stimulus Flexibility as End of QE Approaches
- Euro zone set to enter new era of central-bank support
- President Draghi scheduled to speak twice before next meeting
European Central Bank officials expressed concern that the euro may strengthen beyond what is justified by an improving economy. Bloomberg's Paul Gordon reports on 'Bloomberg Daybreak: Americas.' (Source: Bloomberg)
The European Central Bank wants more scope to unleash monetary stimulus even as it heads toward unwinding it.
An account of the Governing Council’s July meeting released on Thursday shows that officials are still uncertain how to signal changes in their policy settings as the economic outlook improves and the need for broad-based bond purchases lessens. Reaching a consensus is critical if they are to avoid missteps as the institution enters a new phase of its multi-year battle to avert deflation and restore euro-area price stability.