- ECB unanimous in commitment to act if needed
- ECB measures to have sizeable impact on balance sheet
- Euro area growth momentum has weakened
Draghi and the ECB are still in wait and see mode for before pulling the QE trigger
Adds;
- Monetary policy cannot do all the heavy lifting
- Won’t elaborate on possible upcoming measures ( he’s pulling the ‘quiet period before ECB meeting’ card)
The rest is verbatim from the last ECB meeting
