As he finishes up his hand waving press conference he says that the fall in oil prices might shave a third of a percentage point from GDP in 2015 but it won’t be enough to derail the economy. He does caution that the bank has not yet revised its outlook.

He also says that they would be more concerned about lower oil prices if it were due to a drop in demand.

He was obviously still in bed when OPEC cut 2015 demand forecasts