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Draghi's last stretch of QE weighed down by bleak outlook

With no clear signs of a pickup in inflation, policy makers are committed to spending money on debt

Published Fri, Jul 21, 2017 · 09:50 PM

Frankfurt

FOR Mario Draghi, the last mile may feel like the longest one.

After four years of unconventional policy and a recovery that is growing stronger by the day, the goal of the president of the European Central Bank (ECB) - bringing back inflation - ought to be just beyond the horizon.

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