Why Draghi's Words May Matter Too If ECB Fires Stimulus Salvo
“The ECB of the past would raise rates too soon, choking off a mild recovery,” said Christian Odendahl of the CER. “What markets need to know is that the ECB is willing to let inflation overshoot for a while until the recovery is completed, before it starts normalizing rates. More of the same in terms of forward guidance is not going to achieve that.”