Draghi left the language on inflation in his statement unchanged, saying there are both upside and downside risks to inflation but those risks are limited and broadly balanced. He sees inflation gradually picking up in 2015 and 2016.
A prerequisite for QE would be lower inflation forecasts or diminished credit growth forecasts. Although the ECB is taking more measures to be ready for QE, they’re no closer to pulling the trigger.
Draghi Aug 7 2014
