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Draghi is a smart guy. If you read the headlines, it appears as if Draghi announced a bold move this week. Little has changed, however, after the slight policy changes already made in June this year. In fact, Draghi’s policy announcement was anything but bold. It was merely a humble extension of what the ECB already announced during the last interest rate decision last June.

Why Draghi Lowered Interest Rates in a Surprise Move

What Draghi Did and Why He’s Making a Mistake

So Why Did Draghi Lower Interest Rates?

You Can Lead a Horse to Water, but You Can't Make It Drink

What If the Horse Decides to Drink?

Why You Shouldn’t Expect Too Much

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