ECB Rate Cut on Agenda as Draghi Abandons Recovery Talk
ECB President Mario Draghi abandoned talk of a recovery for the euro-area economy and hinted a debate about a rate reduction has been reignited. That move may materialize as soon as January.
Draghi switched from talking about “economic growth” to “economic activity” in the second paragraph of the introductory statement of the monthly press conference.
Yesterday, he said: “Economic activity in the euro area is expected to remain weak.”