European Central Bank
President Mario Draghi said Thursday that the institution "does
not need unanimity" to commit to "quantitative easing or a
massive purchase of securities". The comment seems a direct
reprimand of German officials who are strongly opposed to QE and
sovereign-bond purchases. Draghi disappointed markets by saying
that no action would be taken until the new year. But he said
the ECB would act to combat low inflation that could drop lower
still due to weak oil prices.
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