ECB to print euros for Christmas

By Bill Thornhill
28 Aug 2014

European Central Bank president Mario Draghi’s admission last week that inflation expectations are not well anchored has bolstered the prospects for a quantitative easing (QE) programme. But what to buy remains the thorny question.

Thursday’s Economic Sentiment Indicator showing price expectations at their lowest in five years will reinforce the view that eurozone inflation at 0.4% year-on-year in July will be close to zero by Christmas.

The ECB might well wait until it has a better understanding of the take up of its ...

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