Mario Draghi has secured unanimous support from the European Central Bank’s governing council to inject €1tn to rescue the eurozone economy from stagnation, seeking to dispel concerns of divisions within the bank.
All 23 policy makers backed the ECB president’s idea to bring back the bank’s balance sheet to levels last seen in 2012, a pledge that Mr Draghi first floated two months ago but subsequently softened.
A harmonious council could pave the way for more aggressive action, including large-scale government bond-buying, should the threat of Japanese-style deflation continue.
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