Skip to main content

ECB to hint strongly at QE and ultimately deliver

The ECB finally seems to be facing facts, withPresident Mario Draghi conceding at Jackson Holethat the economy is too weak and that inflationexpectations have dropped. We do not expect anyaction this month as the Bank clings to the hopethat measures announced in June will boost theeconomy and generate inflationary pressure. ButMr Draghi is likely to provide stronger reassurancethat the ECB is prepared to do more if needed. Andwith the economy and the Targeted Longer-TermRefinancing Operations (TLTROs) set todisappoint, we still see it announcing full-blownquantitative easing at the end of this year.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access