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Draghi Gauges Trade War Threat as ECB Ponders Stimulus Path

  • President holds news conference at 2:30 p.m. in Frankfurt
  • ECB to publish updated growth and inflation projections
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Deutsche Bank Says ECB Cautious Amid Trade Uncertainty

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Mario Draghi’s progress toward a stimulus exit is likely to stay slow for now, with inflation too low for comfort and the global economy up against a trade-war-in-waiting.

U.S. tariffs and retaliation by Europe and others could harm the outlook for the euro area, where exports have played a huge role towing the economy out of its slump. That could add to the European Central Bank president’s argument when he pushes back against some ECB officials lobbying for a change to policy guidance.