Draghi at European Parliament
- Economic insecurity a 'major concern'
- Overall, our projections indicate that the accommodative monetary policy stance will continue to provide effective support to the recovery and inflation
- Repeats that, if necessary, will use all instruments within mandate to boost inflation
- Implications of low rates must be carefully monitored
- Incoming information continues to point to a resilient Eurozone recovery
- Recovery is expected to continue at moderate and steady pace but with slightly less momentum than seen in June
- Baseline scenario subject to downside risks
So a slight downgrade to the outlook but he's generally saying that Europe remains on track. I don't think there is anything here we haven't heard before. Expect more headlines as he takes questions.
