Draghi Poised to Unleash a Fresh Batch of ECB Stimulus

All eyes will switch to Frankfurt Thursday and the monthly monetary policy meeting of the European Central Bank, where President Mario Draghi is widely expected to reveal fresh stimulus measures in a bid to fend off sluggish inflation and lackluster growth.

Investors looking at the details of a possible fresh package mostly agree that Draghi is likely to address a number of areas of the bond-buying program currently in place, but much of the details are still very much up for debate.

The main tweaks he is expected to make are on the size and timetable of the bank’s massive 60 billion euro ($63.6 billion) a month bond-buying scheme or a further push of the deposit rate into negative territory.

But market estimates just how much Draghi is likely to move are still pretty far-ranging.


Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.