Draghi Says ECB Still Expects Net Bond Buying to End in December

European Central Bank President Mario Draghi said at least some of the slowdown in the euro area may be “temporary,” confirming that the institution remains on track to end bond purchases in December.

With policy makers meeting Dec. 13, analysts are focusing on whether weakening euro-area momentum and turmoil in Italy could scupper stimulus withdrawal or warrant some support measures, like new long-term loans for banks. Draghi, speaking at the European Parliament on Monday, noted that risks from protectionism, emerging markets and financial volatility remain “prominent.”