‘QE around the turn of the year’

Mario Draghi’s reassurance that the European Central Bank is prepared to step up its efforts surrounding monetary policy in the eurozone suggests QE could be introduced “around the turn of the year”, says Capital Economics senior European economist Jennifer McKeown.

Speaking at Jackson Hole on Friday last week, Draghi argued that monetary policy “can and should play a central role” in boosting demand in the eurozone and said the ECB was “ready to adjust [its] policy stance further”. 

McKeown says the latest comments from Draghi fall in line with Capital Economics “long-held view” that the ECB will introduce QE.