Draghi comments after the ECB decision to leave rates unchanged
- Very favourable financial conditions still needed
- Domestic price pressures remain muted and have yet to show signs of a convincing upward trend
- Ample degree of stimulus still needed for inflation
- Strong growth momentum signals inflation will pick up
- Better growth outlook increases the ECB's confidence that inflation will converge on target
- Headline inflation likely to slow in coming months, mainly due to base effects
- Inflation will then pick up
QE guidance was unchanged. One notable change was that there is a "significant reduction in economic slack" that's a change from "gradual reduction" in October.