Editorial Board

Draghi Is Right to Plan More Monetary Stimulus

And the sooner it happens, the better.

It's all in the delivery.

Photographer: Yorgos Karahalis/Bloomberg/Getty Images

The European Central Bank managed to move financial markets Thursday despite leaving policy unchanged. ECB President Mario Draghi said the bank was weighing the need for more monetary stimulus and was ready to act at its December meeting. Bond yields and the euro fell.

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