ECB to prepare fresh hit of QE for Eurozone?

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The word is out that bearing in mind the shaky state of the Eurozone economy the ECB may be thinking about opening the money taps wider.

Analysts are betting on bank boss Mario Draghi to use his Thursday news conference to announce more quantitative easing in his bid to stimulate growth in Europe’s feeble recovery, raise inflation, and limit damage from any Chinese hard landing.

Despite around a trillion euros of new money at the rate of 60 billion a month, low energy prices and a weak currency, the Eurozone’s performance remains anaemic.