Leaving rates unchanged for now, all Draghi has left in his arsenal is to jawbone the EUR down (since we already know the strength of the EUR is hurting corporate earnings). Moar negative rate "possibilities", a sprinkling of "things are not quite as awesome as markets presume", and a hint or two at the need for another VLTRO? And we are sure this time, he will explain exactly how the OMT will work...
