Draghi doesn’t see need to cut rates further

ECB’s Draghi, while addressing questions on interest rates, said the bank does not see a need to cut rates further, but maintained today's outcome dispels doubts about willingness to act.

Meanwhile, ECB’s Constancio said the TLTRO 2 poses no obstacle to rate changes in the future.

Draghi also added that today’s move was not an overreaction to a drop in oil prices and said the easing was in response to significant weakening of global growth.