European Central Bank: to maintain the main refinancing rate unchanged 0.05%, in line with expectations.
To maintain the overnight deposit rate to 0.2%, in line with expectations.
To maintain the overnight lending rate by 0.3%, in line with expectations.
European Central Bank President Mario Draghi: asset purchase program is progressing well.
Asset purchase for credit has a positive effect.
Domestic demand remains resilient.
Economic growth and there are downside risks to the inflation outlook.
Bank lending surveys confirm increased loan demand.
Loan momentum is improving.
Data show that the ECB needs to identify implementation QE policy.
Inflation recovery may be slower than expected.
CMC will pay close attention to inflation risks.
By the end of the year the inflation rate should be picked up, the base effect due to oil prices weakened.
Expected 2016, 2017 inflation will uplift.
If future oil prices, could contribute to inflationary uplift.
Inflation will continue in the short-term low.
The need for effective structural policies.
Drudge: December must re-examine the extent of monetary policy easing.
If necessary, QE will be implemented until September 2016 or even later time.
Within its mandate, the European ready to use all tools.
Structural reforms to suppress the weak economic recovery.
ECB policy to support domestic demand.
Low oil prices support consumption and investment.
Unemployment claims- US October 17 when the weekly initial claims for unemployment benefits 259 000, is expected to 265,000, the first correction to 256,000 from 255,000.
US October 10 the week continued jobless claims 2.17 million, is expected to 2.186 million, before correction for 2.164 million from 2.158 million.
Euro fell to 1.1227 against the greenback during the press conference from 1.1320 levels.
Trading support finds at 1.1220, 1.1170 and 1.1120