Mario Draghi is on the verge of a watershed moment in the European Central Bank’s efforts to leave behind its crisis-fighting monetary policy.
Chief Economist Peter Praet on Wednesday signaled the bank’s first formal round of talks on when to stop buying bonds is imminent. That would start the process of bringing down the curtain on stimulus efforts that have resulted in almost 2.5 trillion euros ($2.9 trillion) of bond purchases since 2015.
