Comments from Draghi via Bloomers

  • Emerging markets pose renewed risks
  • Risks to growth outlook remain to the downside
  • Inflation is seen rising toward the year end on base effects
  • ECB will closely monitor price developments
  • ECB is ready to use all the instruments available
  • Can adjust QE size, composition and duration
  • Countries with high debt must be alert to rate rises

He must have been watching the euro this morning. It's now slipped to 1.1345 from 1.1362

The comments are from a statement he's given at the IMF shindig in Lima

The full statement is here