Draghi calls for caution as flagship stimulus heads to exit

Frankfurt

MARIO Draghi warned that the European Central Bank (ECB) will remain cautious even as he puts his signature stimulus measure on the road towards an exit.

The ECB plans to dial down bond buying from January, six years into the president's term, marking a new phase after a series of unprecedented actions to prevent the breakup of the euro area and stave off deflation.

In little over two months, officials will take a step towards ending one of their more controversial policy…