Draghi press conference: The bank cuts its 2013 GDP growth forecast to -0.6% from -0.5%, but...

|By:, SA News Editor

Draghi press conference: The bank cuts its 2013 GDP growth forecast to -0.6% from -0.5%, but hikes its 2014 estimate to 1.1% from 1%. The ECB is "technically ready" to use negative rates, but sees no reason to act right now. The euro (FXE) shoots higher, now +0.6% at $1.3166.