It's Too Early for ECB's Mario Draghi to Talk Seriously About Monetary Tightening

Next Thursday is a day a lot of market participants are anticipating (or dreading): the European Central Bank's first monetary policy meeting after the summer will take place. But those who believe this will bring clarity on the ECB's plans for "quantitative tightening" -- the opposite of quantitative easing, where the central bank buys bonds to lower interest rates -- may well be disappointed.

Yes, the central bank's Governing Council will probably discuss monetary tightening, in one way or another. After all, German elections will take place on Sept. 24, and although Chancellor Angela Merkel is ahead, the unpredictable nature of public opinion requires at least a nod to the Germans' perpetual worries about inflation....444 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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