The ECB is unlikely to take further action before seeing updated inflation forecasts at its Sept. 8 meeting, taking comfort from a stabilization in financial markets after an initial 'Brexit' shock. But economists expect it to announce as early as the autumn that its 80-billion-euro asset purchase program will continue beyond its current end-date in March 2017. A change to the technical terms of the bond purchases is also expected, to allay concerns about a scarcity of bonds to buy in some countries such as Germany.
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European Central Bank President Mario Draghi is likely to plead for governments to do more to boost the euro zone's economy in the coming week as the fallout of Britain's vote to leave the EU and weaker global growth threaten the bloc's fragile recovery.
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