Update: And here it is - Draghi just said Russian sanctions could add to the "downside risk." Translation: all Putin's fault
With inflation tumbling, credit creation imploding, core European nations' economies floundering and the periphery re-collapsing, ECB's Draghi decided rates were negative enough and expressed no change in the statement which leaves just the press conference to jawbone the EUR lower, Bund yields even more negative, and explain why Portugal was a one-off... or admit OMT was make-believe.
- DRAGHI SEES DOWNSIDE RISKS TO ECONOMIC OUTLOOK
- DRAGHI SAYS RISKS INCLUDE GEOPOLITICAL, EMERGING-MARKET WOES
- DRAGHI SAYS HEIGHTENED GEOPOLITICAL RISKS COULD HURT GROWTH
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