Draghi releases statement to IMF:

  • There's clear evidence ECB policy is effective (I wonder what that might be)
  • ECB to continue QE until sustained price adjustment
  • Inflation expected to increase consistently
  • Eurozone recovery to broaden and strengthen
  • Eurozone outlook brighter than in past several years
  • Full text

The ECB decision and Draghi's press conference were just two days ago and he made similar points then. Expectations for ECB actions are low so the market is less sensitive to his comments.

EUR/USD at 1.0808 as trading winds down.