Mario Draghi, the European Central Bank president, strongly signaled on Friday that he and his colleagues were preparing a new round of powerful monetary stimulus to jolt the flagging eurozone economy at a time when the risk of deflation is growing. Speaking at a conference in Frankfurt, Mr. Draghi said the central bank would “do what we must to raise inflation and inflation expectations as fast as possible, as our price stability mandate requires of us.”If the bank’s current policy did not end the threat, Mr. Draghi added, “we would step up the pressure and broaden even more the channels through which we intervene, by altering accordingly the size, pace and composition of our purchases… While Mr. Draghi on Friday did not actually say much that was different from previous utterances, there was a significant new emphasis on the risk of deflation in the eurozone.
Blogs I Follow
- Recent stories in The New Yorker
- Aldous Harding covers “Right Down The Line” by Gerry Rafferty
- Budget transparency at private universities: Some thoughts about SCU
- Why does SCU want to take the faculty unionization straight to the NLRB? Because they could reverse every unionization on every Jesuit and other “religious” university
- Tactics when confronting a Trump-appointee dominated NLRB: “three would-be unions withdraw petitions”
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