Draghi's press conference: Deflation threat in the Eurozone hasn't increased

ECB head signals that despite the recovery in the Eurozone, unemployment remains high and risks to economic outlook are on the downside.

• “Geopolitical risks could negatively affect economic expectations,” Draghi warns and assures that the ECB will closely monitor the developments.

• “It is necessary to strengthen the resilience of Eurozone banks.”

• Draghi stresses the importance of the exchange rate for price stability, adding that the exchange rate is not a policy target

• The Governing Council extensively discussed interest rates and QE.