ECB's Draghi: Risks tilted to the downside

More from the press conference:

• Policy measures have continued to preserve favourable conditions
• Underlying inflation pressures remain subdued
• Will look through transient changes in inflation
• Very substantial degree of stimulus is needed
• Data increase confidence in expansion
• Expansion to firm, broaden
• Policy measures support domestic demand
• Recovery in investment promoted by favourable financing conditions
• There are signs of somewhat stronger global recovery
• Euro zone growth dampened by sluggish reforms
• Risks less pronounced
• Risks tilted to the downside