Draghi said

• DRAGHI SAYS RATES TO STAY LOW WELL BEYOND QE HORIZON
• DRAGHI: ASSET BUYS TO RUN TO MARCH 2017 OR BEYOND IF NEEDED
• DRAGHI: EXPECT RATES AT CURRENT, LOWER LEVELS FOR EXTENDED PERIOD
• DRAGHI: EXPECT RECOVERY TO PROCEED AT MODERATE BUT STEADY PACE
• DRAGHI:GROWTH STILL SUPPORTED BY DOMESTIC DEMAND; EXPORTS WEAK
• DRAGHI: IF WARRANTED, WILL USE ALL TOOLS AVAILABLE IN MANDATE
• DRAGHI: TO CLOSELY MONITOR PRICE STABILITY OUTLOOK
• DRAGHI: EXPECT ADDL STIMULUS FROM MEASURES NOT YET IMPLEMENTED

The ECB cuts long-term growth forecasts, while expecting more growth early:

• DRAGHI: RISKS TO GROWTH OUTLOOK STILL ON DOWNSIDE
• ECB STAFF SEE 2018 EUROZONE GDP AT 1.7% V MAR 1.8%
• ECB STAFF SEE 2017 EUROZONE GDP AT 1.7% V MAR 1.7%
• ECB STAFF SEE 2016 EUROZONE GDP AT 1.6% V MAR 1.4%

The ECB increases its inflation forecast modestly on the short end:

• ECB STAFF SEE 2016 EUROZONE HICP AT 0.2% V MAR 0.1%
• ECB STAFF SEE 2017 EUROZONE HICP AT 1.3% V MAR 1.3%
• ECB STAFF SEE 2018 EUROZONE HICP AT 1.6% V MAR 1.6%
•   about-to-be-launched corporate bond buying bonanza