Mario Draghi aims to extend QE

With eurozone inflation stuck near zero for almost two years and Brexit now threatening to undercut the region’s recovery, economists see ECB president Mario Draghi as highly likely to lengthen quantitative easing for a second time.

That would take the asset-buying programme beyond its current end-date of March 2017 and above the target of €1.7 trillion.

More than 80% of economists in a Bloomberg survey expect such a decision, with a similar share predicting the ECB will tweak its purchasing rules to avoid running out of securities to buy.