ECB Holds Pat As Corporate Bond Buying On Horizon

ECB holds to its previous plan awaiting data and “shocks” After the European Central Bank decided to leave monetary policy alone, the central bank’s president Mario Draghi struck a balanced tone but left the door wide open to further policy action. “We continue to believe the central bank’s work is not yet done,” predicted a June 2 Capital Economics piece titled “ECB holds fire but more easing still likely.” ECB holds steady in press conference as corporate bond buying program starts June 8 Central bankers throughout the Eurozone have been engaged in a sundry of monetary contortions to stimulate inflation…