-
ECB Haunted by Ghost of Christmas Past as Stimulus Choice Nears
If Mario Draghi wants to avoid a repeat of the market carnage his press conference sparked a year ago, he might have to negotiate a few roadblocks. Almost all economists surveyed by Bloomberg expect the European Central Bank president to announce on Thursday that the institution’s bond-buying program will be extended after March, and most foresee an extension of about six months at the current 80 billion euros ($85 billion) a month. Anything less could bring echoes of Dec. 3, 2015, when Draghi capped weeks of buildup with underwhelming stimulus that sent bond yields and the euro surging. This time, with bond ... (full story)