Feeble economic data could tip the scales for an ECB QE

Paris

MARIO Draghi is about to find out just how urgent his call for action has become.

One week after the European Central Bank president vowed to revive inflation "as fast as possible", policy makers will receive a glimpse on just how feeble cost pressures are now. Economists forecast euro area data on Nov 28 will show price growth matching the weakest since 2009, which would add to the drum roll for a stimulus debate at the ECB's Dec 4 meeting.