After all but promising that hell ease monetary policy in June, the European Central Bank (ECB) president must now manage market expectations as banks from Goldman Sachs to Societe Generale speculate whether hell go further and deploy large-scale asset purchases in the coming months. Mr Draghi yesterday opened the first ECB Forum, a gathering of policy makers and academics to be held annually northwest of Lisbon. What Mr Draghi says this week could provide clues on how he plans to overcome the low inflation thats threatening the euro areas return to economic health. Officials have said theyre working on a package of possible measures for the June 5 policy meeting, including interest-rate cuts and liquidity injections, while holding out the prospect of quantitative easing as a more powerful option.
Posted on: Mon, 26 May 2014 10:34:24 +0000