Draghi's Taboo on Endgame for QE Keeps Investors Guessing
- Central bank said to be holding back from analyzing QE options
- Policy makers apparently moving slower than Fed four years ago
Mario Draghi.
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The European Central Bank has just six months left on its current bond-buying schedule, but it’s in no hurry to talk about what comes next.
After opting not to use its June meeting to discuss ending the 2.3 trillion-euro ($2.6 trillion) program, the Governing Council sees no need to make a decision until at least September, according to euro-area officials familiar with the matter. That means quantitative-easing plans for 2018 might be disclosed only in late October or, in the extreme, a couple of weeks before the end of this year.