Responses to questions in Draghi's press conference:
- Increasing share limit shows the ECB is not limited
- Recovery to continue, but at a slower pace
- Downside risks have increased
- Euro exchange rate is important but not a policy target
- Oil is lower because of supply effects and because of demand from China and perhaps other emerging markets
Draghi sounds to me like he's setting up for another move next month or at least giving the ECB the flexibility to do so.
European stock markets like it, the DAX is up 2.4%. Who needs growth when you've got cheap money.
