While such a policy is widely considered valid only for economies in Europe and Japan with chronically low inflation and weak growth, the idea is attracting other supporters elsewhere – not least U.S. President Donald Trump, who has labeled U.S. central bankers “boneheads” for not resorting to it.

His successor Christine Lagarde will inherit the presidency on Nov. 1 unsure how much more the institution can do to revive growth and inflation. Not only did Draghi’s plan to resume bond purchases and cut interest rates further below zero face unprecedented opposition in the Governing Council, but investors and economists aren’t sure it’ll work.

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