Draghi’s speech: We have continued confidence with increasing caution
Further comments out from the ECB Chief Mario Draghi, addressing the Q &A session.
Trade situation is probably better than two months ago.
Some emerging market worries are lower than two months ago.
The percentage of firms reporting increasing profits declined.
Didn’t discuss timeframe for ‘extended period’.
We have instruments to address downturn.
Monpol formulation that we have deliberately wants to keep optionality as dominate feature.
Timing of rate increase not discussed in meeting.
Decision on reinvestments unanimous.