ECB Unlikely to Act on Thursday

After revealing a host of stimulus measures at its last meeting, the European Central Bank (ECB) is unlikely to act on Thursday—but that hasn’t stopped a number of analysts saying that more stimulus is needed.

In an unprecedented move last month, the ECB imposed a negative interest rate on banks for their deposits—in effect charging lenders to park money with it. It was one of a host of measures designed to boost lending, spur the euro zone’s recovery and combat growth-sapping disinflation.

As such, few expect more from ECB President Mario Draghi on Thursday.  “The ECB has announced a very comprehensive package and therefore I think it’s important to wait for the effect of these measures,” Gertrude Tumpel-Gugerell, former ECB executive board member, told CNBC.

CNBC

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