Economics
ECB's Follow-the-Fed Strategy Set to Change on QE Exit Road
- Feeble inflation means stimulus is likely to be stretched out
- President Draghi is expected to announce new plan on Thursday
Goldman's Garzarelli Sees Linear ECB Tapering to Zero
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The European Central Bank followed the Federal Reserve’s map when it began buying bonds, but it’s set to pursue a different route out of emergency stimulus.
Almost four years since the Fed began slowing its quantitative-easing program, ECB President Mario Draghi is preparing to unveil on Thursday how his institution will pull back after purchasing more than 2 trillion euros ($2.4 trillion) of debt. The path it chooses is critical for the economy and for markets that have been bolstered by that support.