IT may well be a big deal that Mario Draghi is now talking fiscal stimulus, but the unlikeliness of this happening only underscores that he’ll be forced to do more with monetary policy.
The European Central Bank (ECB) president delivered a ground-breaking speech at Jackson Hole, calling for government spending to do more of the heavy lifting of bringing idled workers back on the job while acknowledging that, his previous excuses aside, market prices show he is losing the battle against falling inflation.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
