ECB stimulus a done deal, analysts question effectivity

FRANKFURT: The European Central Bank (ECB) is widely expected to step up efforts to kick start chronically low inflation in the euro area at a meeting on Thursday, but analysts warn the measures could fall short of market expectations.

At the ECB’s last monetary policy meeting of the year, President Mario Draghi is set to announce a beefing up of the bank’s controversial bond purchase program, known as QE, and a possible cut in key interest rates, already at historic lows, analysts say.