September 4, 2015 — 11:19 AM EEST
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:
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.