There was no policy change from the European Central Bank at its November meeting, despite the eurozone’s weak growth. <br /><br />Interest rates were kept at record lows. <br /><br />ECB President Mario Draghi and the other policymakers are waiting for stimulus to unfold before considering further steps.<br /><br />At his news conference Draghi will be closely questioned on how close the ECB is to being more more aggressive with measures like quantitative easing – that is printing money to buy large amounts of government bonds.<br /><br />This all comes amid reports that some Governing Council members are not happy with Draghi’s leadership style.<br /><br />To keep the eurozone from slipping into deflation, the ECB has started pumping more money into the banking system through purchases of private debt and offers of long-term loans, aiming to boost its balance sheet by up to one trillion euros.<br /><br />There is growing doubt whether its current measures will be enough, but the ECB is expected to wait until it gets a clearer view of the economy and the impact of its asset purchases and four-year loans to banks before adding further stimulus.
