More from Draghi:
- In volatility creates unwanted tightening in financial conditions that worsen the inflation outlook, we would react
- We will not raise rates because some small banks have a problem making profits
But if one of his big banking friends wants a bigger bonus, Draghi is your man.
Offers ahead of 1.12 have fended off the euro rally and it's faded back to 1.1167. No reaction on the latest headlines.