Time to act again, Mr. Draghi?
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Stable prices: check. No growth: check. Record unemployment: check.
Further European Central Bank action to jump start the eurozone economy: Let me get back to you.
ECB President Mario Draghi says he's doing what he can. Interest rates have been held at a record low since last July, and the bank has no plans to withdraw the extraordinary measures it put in place to head off a break up of the eurozone.
But a year after throwing unlimited cash at banks and six months since revealing its untested plan to buy government bonds -- known as Outright Monetary Transactions, or OMT -- the central bank is running out of reasons not to return to the fray.
Only a minority of economists polled by Reuters expect the ECB to lower interest rates when it meets Thursday, in part because a cut may not help much. But some analysts believe Italy's chaotic election and the darkening economic outlook could force the bank to reconsider.
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