Economics
Draghi Stimulus Comes With More Punch as ECB Claims Room to Act
- President raises prospect of rate cuts, asset purchases
- Triple-layered threat succeeded in shifting market sentiment
Mario Draghi
BloombergThis article is for subscribers only.
Mario Draghi is set on pushing the limits of the European Central Bank’s firepower right up until he leaves office.
With little more than four months to go in his job, the ECB president has all but pledged new stimulus for Europe’s flagging economy that may include both interest-rate cuts and asset purchases. Adding potency to that statement is his declaration that the institution shouldn’t be hemmed in by its rules restricting the room for maneuver.