Draghi plans showdown ‘early next year’
ECB policy remains unchanged as inflation forecasts are revised down
The European Central Bank (ECB) disappointed markets when it failed to unveil any new easing policies at its last rate-setting meeting of the year, with its governing council set to decide on further policy measures "early" in 2015.
Annual Harmonised Index of Consumer Prices (HICP) inflation fell to 0.3% in November, and ECB president Draghi alluded to the possibility of it dropping below zero as oil prices continue to slide.
The ECB has already started buying asset-backed securities and covered
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