ECB: Mario Draghi’s press conference
- ECB will conduct quantitative easing (QE) until Sep. 2016 or until it sees sustained inflation path adjustment towards target.
- QE is successful.
- GDP forecasts remain unchanged at 1.5% in 2015 and 1.9% in 2016. Forecast for 2017 is cut from 2.1% to 2.0%.
- Inflation forecast is revised up from 0.0% to 0.3% in 2015, but unchanged at 1.5% in 2016 and 1.8% in 2017.
- Draghi wants strong agreement on Greece, the one which would be fair and encourage growth.