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Draghi Press Conference - Live Webcast

Tyler Durden's picture





 

Just how much will Draghi cut Europe's growth outlook? Just what measures will the Goldmanite take to lower the EUR this time? Just how short will the laflife of any such "unconventional measures" program be this time around? Just what assets would the ECB use as collateral for another "contingent" LTRO in a continent that has long since run out of unencumbrable assets? When is the non-existent OMT's term sheet finally coming? All these questions and more will hopefully be answered by Mario Draghi at the ECB's press conference set to start any second.

Highlights:

  • DRAGHI: EURO AREA MAY FACE PROLONGED PERIOD OF LOW INFLATION
  • ECB CUTS INFLATION FORECASTS FOR 2013, 2014
    • ECB SEES 2013 INFLATION 1.4% VS 1.5%
    • ECB SEES 2014 INFLATION 1.1% VS 1.3%
    • ECB SEES 2015 INFLATION 1.3%
  • DRAGHI SAYS EURO ZONE GROWTH RISKS REMAIN `ON THE DOWNSIDE
  • DRAGHI SAYS SURVEY DATA SIGNAL POSITIVE GROWTH RATE IN 4Q
  • DRAGHI SEES DOWNSIDE RISKS TO ECONOMIC OUTLOOK
    • ECB SEES 2013 GDP -0.4% VS -0.4%
    • ECB RAISES GROWTH FORECAST FOR 2014, SEES GDP RISING 1.1%, SAW 1.0%
    • ECB SEES 2015 GDP 1.5%
  • DRAGHI SAYS ECB READY TO CONSIDER ALL AVAILABLE INSTRUMENTS
  • DRAGHI SAYS POLICY TO REMAIN ACCOMMODATIVE AS LONG AS NEEDED
  • DRAGHI SAYS ECB MAY KEEP RATES LOW FOR EXTENDED PERIOD OF TIME
 


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Thu, 12/05/2013 - 09:33 | Link to Comment RSloane
RSloane's picture

Look for words like "modest", "moderate", and "subdued". His language is straight out of the Bernanke playbook.

Thu, 12/05/2013 - 09:40 | Link to Comment SoilMyselfRotten
SoilMyselfRotten's picture

It's PM smackdown time, as if they'd let gold get the big MO

Thu, 12/05/2013 - 09:35 | Link to Comment ...out of space
...out of space's picture

so the press didnt even start and euro alredy fall

Thu, 12/05/2013 - 09:35 | Link to Comment Calculus99
Calculus99's picture

Mario is no dummy, his English is excellent so when he refers to 'balance sheets' as 'balance shits' I don't think he's making a pronunciation mistake.

 

Thu, 12/05/2013 - 09:38 | Link to Comment RSloane
RSloane's picture

LMAO!! +1

Thu, 12/05/2013 - 09:39 | Link to Comment q99x2
q99x2's picture

How did he get out of jail? Oh sorry I was thinking of Madoff.

Thu, 12/05/2013 - 09:46 | Link to Comment q99x2
q99x2's picture

The "Will to Power was slightly more surreal. He does seem to be approaching an Obama moment. I'd like to see him rated by the number of people that click him off in mid speach.

Thu, 12/05/2013 - 10:00 | Link to Comment Ajax4Hire
Ajax4Hire's picture

Halflife (not laflife)
Took me some time to decode that one.

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