More from Draghi

  • Repeats have not discussed reducing QE to zero and that's never been on the table

  • 1.7% CPI in 2019 isn't really meeting our goal

  • Staff forecasts are not really in line with our targets

He's laying it on thick here.

  • ECB does not fear legal problems from changing the QE parameters

One might suspect that the German's on the ECB might have given the deposit rate concession to get the cut in QE.