Draghi had been expecting inflation expectations to improve but now he expects slower growth and inflation. He also expects the ECB asset quality review and the December TLTRO will save the eurozone from deflation.
Or maybe he’s expecting something else altogether?

All this talk of inflation expectations
The euro has fallen for three straight weeks and 6 of the past 7.
Will EUR/USD climb or decline in the week ahead?
Time for bounce
The trend is your friend
Here are last week’s results