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Frustrated ECB seen unlikely to move just yet – MarketWatch

FRANKFURT (MarketWatch) — Mario Draghi’s frustration is showing, but he remains unlikely just yet to spur the European Central Bank to ride to the rescue of Spain and the troubled euro zone when policy makers meet Wednesday, according to several economists.

“The ECB may do nothing […], waiting to see instead how developments in Greece and Spain pan out. But that will only keep euro-zone peripheral government bond markets and the single currency under pressure,” said Mansoor Mohi-uddin, head of foreign-exchange strategy at UBS.

via Frustrated ECB seen unlikely to move just yet – MarketWatch.

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