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Draghi Has 10 Days to Gauge Recovery for ECB Stimulus Decision

Some policy makers worry investors are losing faith in outlook
Data is showing no clear signal for June 6 Governing Council

Mario Draghi — Mario Draghi
Photographer: Joshua Roberts/Bloomberg

By

Paul Gordon and

Catherine Bosley

May 27, 2019, 4:00 AM UTC

European Central Bank officials are approaching a major decision on new stimulus amid conflicting economic data and differences over what to do about it.

Economists at the ECB are preparing forecasts for President Mario Draghi to unveil next week that will show whether they still believe an upturn will materialize in the second half of the year. The Governing Council must then decide if it should yet again deploy any of its many tools -- including a new round of bank loans -- to boost growth and inflation.