ECB in Wait-and-See Mode, but Ready to Act

The transcript discusses the potential impacts of Mario Draghi's announcements on markets, the expectations for future ECB actions, and the market's confidence in Draghi's influence. It also explores the ECB's tools and flexibility in addressing economic challenges, as well as potential asset purchases, including equities, in response to the inflation outlook.

What factors contribute to the market's questioning of the efficacy of central bank policies?

What challenges does the ECB face in expanding its asset purchase program?