Trader, analyst and instructor with a 6-year experience

ECB's Draghi press conference

- Key rates to remain at present or lower levels for extended period

- Statistics points to a positive Q4 GDP
- Growth projections: -0.4% 2013 unchanged
- 2014 GDP raised from 1.0% to 1.1%, 2015 GDP is seen at 1.5%
- Output expected to recover at slow pace through 2014 and 2015

- Euro zone may experience a prolonged period of low inflation
- Inflation to remain at current levels for coming months
- Projections point to core CPI drifting a little higher

- Unemployment remains high

- Risks remain to downside
- Weak loan dynamics still seen, reflects economy and credit risk

- M3 growth supported by inflows into Euro area

- Rate cut was fully justified, forward guidance is working


And Mr. Draghi wished Merry Christmas and Happy New Year to all of us :)

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