• ECB unanimous in commitment to act if needed
  • ECB measures to have sizeable impact on balance sheet
  • Euro area growth momentum has weakened

Draghi and the ECB are still in wait and see mode for before pulling the QE trigger

Adds;

  • Monetary policy cannot do all the heavy lifting
  • Won’t elaborate on possible upcoming measures ( he’s pulling the ‘quiet period before ECB meeting’ card)

The rest is verbatim from the last ECB meeting