Sunday , August 20 2017

Banking

ECB’s Draghi confronts crux of QE effect

epa06016763 President of the European Central Bank (ECB) Mario Draghi speaks at a news conference after an ECB Governing Council meeting, in Tallinn, Estonia, 08 June 2017.  EPA/VALDA KALNINA

Bloomberg European Central Bank policy makers are wondering how much stimulus quantitative easing offers once bond-buying stops. Their assessment will likely influence the ECB’s strategy for ending its asset-purchase programme. Keen to avoid any steps that inadvertently tighten financial conditions, policy makers can’t ignore that their open-ended QE design so ...

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