FRANKFURT—The European Central Bank opened the door to a dramatic escalation in its campaign to stimulate the eurozone’s stagnant economy early next year, signaling a new chapter in the bank’s fight against excessively weak inflation in the heart of Europe.
ECB President Mario Draghi said after the bank’s monthly meeting that officials discussed purchases of government bonds, known as quantitative easing or QE, but that they needed more time to gauge the effects of policies that they have already implemented while assessing how falling oil prices may affect the bank’s consumer-price outlook.
It´s like an Opera Buffa conducted by Mario!
Does he remotely think the steep drop in oil prices will “help” the price outlook, when inflation is now crawling near zero?
Mario, beware! Time is running out! No, it has already done so!