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ECB Draghi's press conference (live)

ECB left interest rate unchanged at a record low of 0.05%.

New easing measures announced:

  • ABS-buying will start in Q4
  • Covered bonds buying starts in mid-October
  • The program will last 2 years
  • Measures will extend the balance sheet and push inflation higher
  • Countries with ABS below BBB- are included into the program
  • Full details to be released after press conference

Draghi points to increased risks:

  • Euro zone's economic momentum has weakened
  • Medium-term inflation outlook worsened
  • Outlook for moderate recovery in 2015 in place

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