Draghi plans showdown ‘early next year’
ECB policy unchanged as inflation forecasts revised down
The European Central Bank (ECB) did not unveil any new easing policies today, with its governing council set to decide on further policy measures "early" in 2015.
Annual HICP inflation fell to 0.3% in November, and ECB president Draghi alluded to the possibility of it falling below zero as oil prices continue to slide.
The ECB has already started buying asset-backed securities (ABS) and covered bonds, but the council is undecided on whether to expand into other assets – potentially corporate or
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