Just in case there was any doubt, ECB president Mario Draghi has once again underlined his clear intention to ease policy further should it be deemed necessary.

ECB president Mario Draghi on his way to press conference
ECB president Mario Draghi on his way to press conference

“We have the power, willingness and determination to act,” he said, adding (again) that there are “no limits” to what the central bank is prepared to do, within its mandate, to meet its inflation target.

“We are not surrendering”, he added.

In terms of timing, he said the central bank “will review and possibly reconsider” its monetary policy in March.

Watch his press conference live here.

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