Europe holds its breath for ECB action

ECB president Mario Draghi's potential embrace of quantitative easing will help tackle deflation risk in the eurozone, but stabilising growth and inflation will be far from easy.

European Central Bank president Mario Draghi last week gave the strongest indication yet that the bank’s governing council was prepared to embrace ‘unconventional’ policy instruments, or quantitative easing, to tackle the risk of deflation in eurozone economies.


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