Whoever becomes the next ECB President is likely to be more “hawkish”, and perhaps less effective, than Mario Draghi. That may not matter if the economy recovers from its recent soft patch, allowing the ECB to normalise monetary policy; but it could be a big problem when the next economic downturn occurs.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services