Draghi press conference, marks a big change in communications policy; main points so far: -...

|By:, SA News Editor

Draghi press conference, marks a big change in communications policy; main points so far:
- Council had extensive discussion about interest rate cut.
- Council injects a downward bias into interest rates for the foreseeable future based on the three variables of inflation, the economy and monetary dynamics.
- "The decision was unanimous, that's also quite important."
- "Liquidity will remain ample."
- Our exit from highly accommodative monetary policy "is very distant."
- "50 bps is not the lower bound."
- "Key ECB interest rates include the rate on the deposit facility."