Mario Draghi in big market test as ECB fights deflation threat

Mario Draghi is about to attempt his 11th round in the ECB’s epic fight against the threat of deflation.

The ECB president and his colleagues have unleashed significant stimulus to reignite price growth in the eurozone at 10 of the 47 monetary-policy meetings since he took the helm, only to see the region slapped as recently as last week with a negative inflation rate.

For this week’s decision, economists are nearly unanimous in predicting action, and the good news for Mr Draghi is that most say it’ll be enough.