Economics
Draghi Prepares His Legacy for Like-Minded Lagarde as ECB Meets
- ECB seen setting stage this week for rate cut, possible QE
- Staff are studying a potential revamp of the inflation goal
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Mario Draghi is entering the final three months of his European Central Bank presidency with a plan that will see his influence linger well after he’s replaced by Christine Lagarde.
The ECB chief will this week lead a policy meeting that’s widely expected to set the stage for a September interest-rate cut and a possible resumption of quantitative easing. His staff have also started work on a potential revamp of the inflation goal in a move that could make it easier to pursue monetary stimulus for longer.