Draghi plans showdown ‘early next year’

ECB policy remains unchanged as inflation forecasts are revised down

Mario Draghi, ECB

The European Central Bank (ECB) disappointed markets when it failed to unveil any new easing policies at its last rate-setting meeting of the year, with its governing council set to decide on further policy measures "early" in 2015.

Annual Harmonised Index of Consumer Prices (HICP) inflation fell to 0.3% in November, and ECB president Draghi alluded to the possibility of it dropping below zero as oil prices continue to slide.

The ECB has already started buying asset-backed securities and covered

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: