Economics
Draghi Opens Crucial ECB Week as Bond-Buying Exit Decision Nears
- ECB president testifies to European Parliament on Monday
- Friday sees last inflation reading before Dec. 13 meeting
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Mario Draghi’s grilling by European lawmakers on Monday is the highlight of a critical few days for the European Central Bank as the president considers whether more stimulus is needed to overcome the euro-area slowdown.
Less than three weeks before their final meeting of the year, ECB officials are working on economic projections that will help determine whether their 2.6 trillion-euro ($2.9 trillion) bond-buying program should be capped as planned. The latest signs -- including a German contraction, a budget standoff in Italy, and heightened global trade tensions -- are testing their conviction that the expansion is intact.