Draghi Seen Overriding Opposition With QE Push as Gloom Deepens.

Economists see the ECB's deposit rate being reduced by 10 basis points to a record-low minus 0.5% in September, and expect a second cut of the same magnitude in December. Economists in the survey also see the ECB introducing mitigating measures to contain side effects from negative rates. Since then, growth momentum has slowed significantly, and economists expect the ECB to revise down its outlook for growth and inflation yet again. [Extracted from the article]