World Economy

Draghi Reinforces ECB Stimulus

Draghi Reinforces ECB StimulusDraghi Reinforces ECB Stimulus

Mario Draghi is stoking investor bets that he’ll intensify stimulus for the euro area after indicating he has the backing of policy makers to do so. With the European Central Bank president yesterday downplaying dissent within his 24-member Governing Council, new preparations for more-expansive action and a 1 trillion euro ($1.2t) target for boosting the institution’s balance sheet suggest momentum is shifting toward a proposal for broader bond-buying, perhaps in December, Bloomberg reported. The euro fell and southern European bonds rose as Draghi said policy makers are united in trying to revive inflation.