Draghi Q&A: Refuses comment on whether ECB has closed door on rate cut

Reiterates unanimous decision but notes again economy remains weak. Present situation characterized by high uncertainty.

Refuses to say that the worst is over.

  • There is positive contagion when things go well; there is positive contagion now

That’s about as close as a central banker will come to declaring victory, though he went on to say that the jury is still out and it is too early to claim success.

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