Draghi seen taking slowest possible path out of ECB stimulus

Frankfurt

THE European Central Bank has convinced economists that it'll take policy normalisation as gradually as it can.

Ninety per cent of respondents in a Bloomberg survey said the ECB will use its meeting on Thursday to acknowledge that the risks surrounding the euro area's recovery are balanced. Beyond that, the 60 analysts are split on whether the central bank will remove its easing bias on interest rates, and the proportion expecting an announcement by September on the future of the bond-buying programme has fallen since the previous poll.