ECB President
Comments from his speech are crossing the newswires right now.
On Thursday, the ECB cut interest rates for the first time since July 2012, and said that the central bank was ready to act again if such action was warranted.
Today, Draghi is reiterating that statement in his speech.
Via Bloomberg, Draghi said the ECB is ready to act again if needed, monetary policy is to remaining accommodative, and the ECB will study euro-region economic data in the coming weeks.
Though Draghi already said all of this on Thursday, the comments still caused the
The chart below shows the drop.