Currencies

The European money printing press returns

A copy machine spitting out Monopoly money
Illustration: Aïda Amer/Axios

Analysts at Goldman Sachs say they expect the European Central Bank to announce it is restarting a long-term financing stimulus program as soon as March, despite having just called off its bond-buying program in December.

The backdrop: Renewed stimulus for the faltering euro zone economy, which has looked weaker with each new data release, has been expected, but Goldman's incorporation of fresh ECB stimulus as part of its market outlook could mark a watershed moment for central banks and the global economy.

Ignoring the experts has paid off for Turkey

Data: FactSet; Chart: Andrew Witherspoon/Axios
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