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ECB Faces Key Stimulus Decision as Draghi Era Nears End

Associated Press

   FRANKFURT, GERMANY - European Central Bank head Mario Draghi is likely
   preparing a new shot of stimulus to prop up economic growth and
   inflation, though doubts are growing about whether central banks like
   the ECB and the U.S. Federal Reserve can save the global economy by
   themselves.

   The ECB is likely to cut a key interest rate further below zero on
   Thursday and could take additional steps including launching bond
   purchases to pump newly created money into the economy, analysts say.
   Some ECB officials have questioned how much good another large blast of
   stimulus will do. Uncertainty about how far the bank will go at
   Draghi's next-to-last meeting sets up a dramatic finale to his
   eight-year term as head of the monetary authority for the 19 countries
   that use the euro.

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