Yesterday I wrote a blog post on what to expect on the ECB press conference. The original post can be viewed at the link below

What can move the EURO during the ECB Press Conference


Here is a follow up on the Key points on what actually happened

  • Euro Depreciation - Draghi provided the reaffirmation that the ECB stands behind the Euro, and will introduce any further stimulus if required. Important to note - when asked in Q&A if any adjustments have been made already to the existing package, his answer was no.
  • Inflation - The ECB did in fact revise down the inflation targets into the next year. The outlook now is that it will take the eurozone longer than originally anticipated to recover from disinflation. This is primarily because of declining oil prices, some other citations were also mentioned.

There was talks of other, but those were the key points I took away from the press conference.
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