Mario Draghi has two weeks to get ECB plan just right

Mario Draghi has two weeks left to decide how to ramp up stimulus in a way that doesn’t upset either his colleagues or investors.

When ECB policy makers meet in Frankfurt from March 9-10, they’ll consider whether negative interest rates and €60bn a month of debt purchases is enough to revive consumer prices. With another rate cut priced in by markets, the biggest question mark hangs over how to customise quantitative easing.

The ECB president has said there are no limits to how far policy makers will go within their mandate, yet sub-zero rates carry risks and expanding QE is easier said than done.