Draghi answers questions after ECB meeting
- In the coming years we will have a congestion of bank funding
- ECB will announce full details of TLTRO in due time
- We made four sets of decisions
- We moved the calendar-based guidance to December from Sept
- New measures are adding accommodation
- Decisions were made following large downward revisions in forecasts
- Decisions were unanimous, which I think is a very positive sign of our cohesiveness
- We are in a period of continued weakness
- Chances of eurozone recession are very low
- Chances of inflation deanchoring is very low
- ECB monetary policy is even more accommodative now
- External factors continue to weigh on economy
- ECB discussed changing forward guidance to March 2020
