Balboni: QE the Only Feasible Option for ECB Stimulus
The euro approached a two-week high against the dollar as traders waited to see whether the European Central Bank will expand its quantitative-easing program to kickstart a lackluster economy. The market’s focus is on potential tweaks to asset purchases, rather than interest rates, which economists surveyed by Bloomberg predict will be left on hold. The ECB policy decision, the first since July 21, will be announced at 1:45 p.m. in Frankfurt, with President Mario Draghi due to address reporters 45 minutes later. ColumbiaThreadneedle Global Head of Equities Mark Burgess and HSBC European Economist Fabio Balboni discuss what to expect with Bloomberg's Francine Lacqua on "The Pulse."