ECB's Draghi: No more cuts planned

FXStreet (Łódź) - During the Q&A part of the press conference Draghi informs that the decision to cut rates and buy loans was not unanimous.

• The unexpected decision will not undermine credibility, the ECB head assures.

• "ECB is at the lower bound where technical adjustments will not be possible."

• QE was discussed by the Governing Council today.

•"This time we would buy outright ABS Senior and Mezzanine tranches only with a guarantee."

• The Governing Council discussed several figures on the ABS plan but for now it is difficult to assess.