ECB DRAGHI: I never mentioned deflation

Market news

8 November 2012

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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