Draghi Q&A: Policies effective, accommodation for longer

FXStreet (Bali) - Draghi Q&A is underway, noting that policies being run by the Central Bank have been effective, while adding that they intend to keep accommodation longer.

Headlines

We want to consolidate something that's been a success

Reinvestment is 'quite an important announcement'

We are doing more because it works

We are confident these decisions are adequate to meet our objectives

Decisions today were with a 'very large majority, very large'

I don't think our communication was wrong

Measures need time to be fully appreciated

Without measures implemented, inflation would be at least 0.5pp lower in 2016, and one third lower by 2017