Time for more eurozone QE?

02-Sep (Telegraph) — The summer holidays are over for the euro’s policymakers.

On Thursday, the European Central Bank will convene for its latest Governing Council meeting. Having spent months grappling with Greece, president Mario Draghi is now having to contend with global stock market turmoil, collapsing commodity prices, and deflationary headwinds from a Chinese hard-landing.

ECB-watchers now expect Mr Draghi to deliver a dovish message after both his chief economist, Peter Praet, and vice president, Vitor Constancio, made reassuring noises over the possibility of extending the central bank’s $1.1 trillion quantitative easing (QE) programme.

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