ECB's Draghi: ECB setting liquidity measures through 2016 is an indication of how low rates will stay low
- Would need to observe deterioration in inflation expectations over the medium term before ECB would turn to QE. Quantitative Easing could include buying govt bonds and private sector loans.
- Reiterates not seeing any signs of deflation in the euro zone
- Higher oil prices will impact inflation, as long as there is no further appreciation of the euro.