ECB's Draghi speech: Interest rates can't really be cut further

FXStreet (Łódź) - During the Q&A part of the press conference Draghi signals that slight technical interest rate adjustments are a possibility, but as the "lower band" has been reached borrowing costs can't really be reduced further.

• Still, this package of measures in not the end of ECB's actions, Draghi stresses.

• There will be additional enhanced reporting requirements for targeted LTRO's and verification of their usage.

• ECB plans to boost lending to the non-financial part of the private sector.

• No connection between OMT and the discontinuation of sterilization of SMP purchases.

• ABS should be centered on the non-financial part of the economy, be real, simple and transparent.