The European Central Bank will extend its already generous asset buys on Thursday, aiming to boost stubbornly weak inflation, but with much of its firepower exhausted it may also debate sending a token signal about the eventual end of such purchases.
Emphasising abundant risk, including from elections in potentially four of the euro zone’s five biggest economies, ECB President Mario Draghi is expected to argue that premature tapering – or slowly ending – bond-buying could abort a still timid recovery, unravelling the impact of the purchases.
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