Draghi’s Bond-Buying Era Expected to End as ECB Gears Up for Talks
- Bloomberg survey shows economists expect decision is imminent
- Italian politics and trade disputes top their list of concerns
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Mario Draghi is ready to end the European Central Bank’s bond-buying program even if he puts off the decision for one more policy meeting, economists say in a Bloomberg survey.
Almost a third of respondents predicted the ECB president will set an end-date for purchases after next week’s gathering of the Governing Council, and 46 percent said he’ll do so at the July session. Either way, analysts are confident buying will be phased out this year, especially after Executive Board member Peter Praet confirmed a Bloomberg News report by signaling policy makers will hold their first full talks on whether to pull the plug on the stimulus tool.