Daily Briefing: - Weeks before ECB's Draghi is due to step down he hints at more stimulus - Corbyn to move UK Labour Party to change its Brexit policy - report - Investigators to present latest findings on the downing of Malaysia Airlines flight MH17
European Central Bank President Mario Draghi's strong hint yesterday of more stimulus to come really set the cat among the pigeons.
What’s more, the move came just weeks before Draghi is due to step down - prompting some ECB-watchers to suggest he effectively committed his successor to easing policy even before the identity of that person is known. There have been signs of a shift in Corbyn’s fundamentally eurosceptic stance, but whether he will move this far remains to be seen.
Aimed at reversing a collapse in euro zone inflation expectations since the central bank’s last meeting, Draghi’s speech sank 10-year German bund yields to record lows of almost minus 0.33% and plunged 10-year French, Austrian and Finnish government equivalents below zero for the first time.
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