Deborah Hyde
September 4, 2015 — 11:19 AM EEST
Bloomberg
Mario
Draghi addressed questions on recent market volatility and scope for further
ECB action after the central bank downgraded growth and inflation forecasts and
raised the limit of a country’s debt it can buy citing downside risks to the
euro-area economy.
Here's the
checklist of what Draghi said at yesterday's press conference:
Inflation
HICP rates
will remain very low in the near term, may even turn negative toward end of
year also due to base effects of oil; impact will be “transitory” due to oil.
Inflation
likely to pick up during 2016 and 2017 although more slowly than anticipated
thus far.
Downside
risks to September projections remain.
