Draghi’s Parting Gift: ECB Turns the Stimulus Taps Back On

DAVOS/SWITZERLAND, 25JAN13 - Mario Draghi, President, European Central Bank, Frankfurt is captured during the special address session at the Annual Meeting 2013 of the World Economic Forum in Davos, Switzerland, January 25, 2013. Copyright by World Economic Forum swiss-image.ch/Photo Remy Steinegger, https://commons.wikimedia.org/wiki/File:Mario_Draghi_World_Economic_Forum_2013.jpg


In one of the final acts of a highly eventful term as president of the European Central Bank (ECB), Mario Draghi has restarted the ECB’s bond-buying program just nine months after it was officially drawn to a close.

The ECB will begin buying €20 billion in bonds each month starting from November.

The return of quantitative easing comes as signs of recession continue to mount across the euro zone, particularly in the export engine of Germany. But this wasn’t the only trick that Draghi had up his sleeve before handing the reigns of monetary policy over to Christine Legarde.


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