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- ECB DRAGHI: I never mentioned deflation
ECB DRAGHI: I never mentioned deflation
- So far we have not seen signs of deflation
- No signs of deflation at level of EMU or member states
- Shldn't confuse welcome price adjustment with deflation
- We see price behavior in line with mid-term objectives
- Our monpol is already very accommodative
- Real int rates negative in large part of EMU
- OMT Announcement by itself produced easing of fin conds
- We stand ready to act on standard, nonstand measures
- We cannot do monetary financing for Greece
- SMP profits naturally accrue to eurosystem cenbanks
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