By Jesse Cohen
Investing.com - The European Central Bank is widely expected to not make any policy changes on Thursday, six weeks after unveiling a stimulus package including a rate cut, new asset purchases and a pledge to open the money taps further if needed.
Thursday marks Mario Draghi’s last policy meeting as president of the ECB, with his eight-year term as head of the euro zone’s central bank officially coming to an end on October 31.
He will be replaced by former International Monetary Fund (IMF) chief Christine Lagarde on November 1.
Draghi’s reign as ECB boss had its climax in June 2012, when he famously said the “ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.”
His pledge saw yields on euro zone government debt, which had surged to historic highs at the time, fall sharply, effectively ending the region’s sovereign debt crisis in 2012.
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-- Reuters contributed to this report