Draghi‘s Market Dialog Reaches Davos After ECB Groundhog Day

„We‘ve plenty of instruments,“ the ECB president said on Friday at the World Economic Forum in Switzerland. „We have the determination, and the willingness and the capacity of the Governing Council, to act and deploy these instruments.“

The comments reflect the ECB‘s agreement on Thursday to reexamine its strategy of a 1.5 trillion-euro ($1.6 trillion) bond-purchase plan and negative interest rates. Over the seven weeks until the March 10 gathering, officials are likely to try to guide investors to avoid a repeat of last month‘s meeting, when fresh stimulus fell short of predictions stoked at the previous decision.