ECB May Soften Stance as Draghi’s Recovery Falters

Mario Draghi may have spoken too soon.

Since the European Central Bank President predicted an economic recovery at the start of the year, data have increasingly pointed to a deepening recession. While all 58 economists surveyed by Bloomberg say the ECB will leave its benchmark interest rate at a record low of 1 percent today, Draghi last week toned down his inflation-fighting rhetoric and sounded more cautious on the economic outlook, fueling speculation that he could ease monetary policy further.