Banro Corp. fka BAA

[Chelski]

The ECB staff has cut its growth and inflation projections, and sees risks skewed to the downside, says Mario Draghi in opening remarks at his press conference.
• The central bank earlier fired its bazooka, cutting rates, boosting QE, and announcing four new LTRO operations.
• Staff sees inflation at just 0.1% this year vs. its previous forecast of 1%. For 2017, inflation is now seen at 1.3% vs. 1.6% previously.
• Rates will remain at present or lower levels for "an extended period," says Draghi.