ECB Bond Buying Is a Double-Edged Sword

European Central Bank (ECB) president Mario Draghi’s promise to do “whatever it takes to preserve the euro” and create a new bond-purchase program has been positive for market sentiment. But the program also carries real dangers if it breaks the fragile consensus on the board of the ECB and eases the pressure on governments to create a [...]

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Euro-Area Interest Rates: To Zero and Beyond?

There has been some speculation that the European Central Bank (ECB) may soon push its deposit rate into negative territory.

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Euro Area: Locked in a Cycle of Market Pressure and Policy Response

 The European Central Bank (ECB) has raised the prospect of a more effective bond-purchase programme. Unfortunately, it may require additional market pressure for governments to unlock that support.

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Draghi’s Dilemma: How to Meet
Heightened Expectations

European Central Bank Governor Mario Draghi has raised expectations ahead of this week’s ECB Governing Council meeting.

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