Draghi on the latest forecasts:

  • 2015 GDP at 1.5% vs 1.4%
  • 2016 unchanged at 1.7%
  • 2017 at 1.9% vs 1.8%

On inflation:

  • 0.1% this year, unchanged
  • 2016 1.0%, unchanged
  • 2017 1.6% vs 1.7% previously

The unchanged staff forecasts made it very hard for the doves to take action. The leak of the forecasts yesterday was the signal to buy the euro.