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A quiet exit for Draghi' Five questions for the ECB

Published by Yahoo on Tue, 22 Oct 2019


Mario Draghi's last meeting as European Central Bank chief this Thursday may prove a lively gathering given a deep rift among policymakers over renewed asset purchases that threatens the effectiveness of policy. After unleashing a wave of stimulus measures in September -- including an interest-rate cut and a decision to restart asset purchases to boost the economy -- no major announcements are anticipated. "The biggest part of the meeting will be the farewell to Draghi," said Pictet Wealth Management strategist Frederik Ducrozet.
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