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Benedicte Gravrand, Opalesque Geneva:

ECB President Mario Draghi said on Thursday during a press conference in Malta that the current purchasing programme, which was announced in January, could be extended beyond its September 2016 end-date.

"The degree of monetary policy accommodation will need to be re-examined at our December policy meeting when the new…projections will be available," WSJ.com reported him as saying.

Global stocks, including European stocks, rallied, and the euro sank against the U.S. dollar on the news the same day.

Several managers commented on Draghi's strong hint that the ECB may extend QE.

Francesco Filia, CEO/CIO of London-based hedge fund firm Fasanara Capital, told CityWire an expansion of QE is inevitable so long as inflation rates hover around zero.

"Zero inflation rates are death penalty to debt laden countries in peripheral Europe: at zero inflation, no amount of fiscal discipline will ever outweigh the debt trap they live in," he said. "Monetary policies alone are likely to have to keep fighting deflationary trends in ......................

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