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1.Market Observations, 8.Was Sticky

28 Oct 2017 (AFR) – European Central Bank chief Mario Draghi postpones market day of reckoning

(28 October 2017, AFR, p27, by Karen Maley)

‘Mario Draghi, head of the European Central Bank, is a staunch believer in monetary rectitude – just not yet. Draghi gave a nod towards monetary correctness by announcing the ECB’s huge bond-buying program will be halved to €30 billion ($45 billion) a month between January and September 2018. At the same time, he reassured those worried that the era of cheap money could be drawing to a close by refusing to set a firm end date for when he’ll end the emergency crisis-era policy.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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