Ryan and Adam had the headline comments from Draghi overnight:

  • Forecasts show lower increase in inflation says Draghi
  • Draghi: We are very alert to global risks
  • Draghi: If needed, QE will be extended beyond Sept 2016
  • QE will be extended beyond Sep 2016 if needed says Draghi

-

In addition, Reuters have an (ungated) rundown on the speech here

In (very) brief, but check out the link for more:

  • Price growth will take longer than previously expected to rise back to the ECB's near 2% target
  • ECB will increase its asset buying program if needed
  • But it needs more time and evidence to do so
  • Cites China's slowdown, rising euro, lower oil prices