Mario Draghi, European Central Bank president, has maintained he can deliver measures to stave off economic stagnation in the eurozone next year, despite renewed signs of tensions between policy makers at the central bank.
Old wounds between governing council members were reopened yesterday, after splits emerged over a slight toughening of the language on plans to swell the ECB’s balance sheet by about €1tn.
The ECB strengthened its forward guidance by saying the central bank “intends” to expand its balance sheet to about €3tn to boost inflation, rather than simply “expecting” to meet this objective.
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