- The outlook is getting better, says Mario Draghi at his post-ECB meeting press conference, but the the central bank stands ready to increase asset buys in both size and duration should things at all turn.
- "A very substantial degree of monetary accommodation is required" to meet the ECB's inflation target, he adds.
- Europe has erased its losses as Draghi talks, with the Stoxx 50 (NYSEARCA:FEZ) now higher by 0.25%. The euro (NYSEARCA:FXE) gives up its gains, now lower by 0.2% to $1.0613.
- The Q&A is set to begin.
- Previously: Europe holds losses as ECB leaves policy unchanged (Jan. 19)