ECB Ready to Buy Bonds, Signals Inflation Goal in Reach
Draghi's ECB News Conference in Two Minutes
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Mario Draghi primed investors for an initial bond-buying salvo on Monday as he signaled European Central Bank officials are convinced they will succeed in choking off the threat of deflation.
Six years after the U.S. Federal Reserve began quantitative easing, the ECB’s Governing Council committed to its first asset purchases next week in a program amounting to 60 billion euros ($66 billion) a month. The ECB president also unveiled forecasts showing higher economic growth with an inflation outlook that puts officials on track to reach a goal of just below 2 percent.