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Global Economy: Draghi to speak softly after startling big stick at Sintra

Reuters  |  LONDON 

By Catherine EvansLONDON (Reuters) - No big changes are expected from the European Central Bank when it meets on Thursday, but a bit of tweaking may be on the cards.Policymakers are likely to calibrate the language they use as they edge towards normalising policy after years of huge post-crisis stimulus. The bank may drop a reference to its readiness to increase the size or duration of its asset-purchase programme before announcing in the autumn how and when it will start winding down its bond-buying. But after the reaction to his June 27 speech in Sintra, Portugal, hinting at the possibility ...

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First Published: Fri, July 14 2017. 20:06 IST
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