Draghi answering questions after his opening statement:

  • We want to consolidate something that's been a success
  • We are doing more because it works
  • Reinvestment is 'quite an important announcement'
  • We intend to keep accommodation longer
  • We are confident these decisions are adequate to meet our objectives
  • Decisions today were with a 'very large majority, very large'
  • I don't think our communication was wrong
  • Measures need time to be fully appreciated "...we'll see"
  • "without our measures, inflation would be at least 0.5pp lower in 2016, and one third lower by 2017"

Draghi is took a victory lap and then brushed aside criticisms.