Don't Expect Much from Draghi Until December, Says Foley
Instead of expanding stimulus just now, Mario Draghi might settle for keeping up the suspense surrounding it. Quantitative easing is currently scheduled to end in March, stoking scrutiny of the European Central Bank president for any guidance about the future path of monetary policy. Economists surveyed by Bloomberg predict he is unlikely to announce fresh measures before December, even though growth remains feeble and consumer prices still closer to zero than the ECB’s goal. Societe Generale Global Head of Economics Michala Marcussen and Rabobank Senior Foreign-Exchange Strategist Jane Foley discuss with Anna Edwards on "Bloomberg Daybreak: Europe."