The European Central Bank (ECB) President Mario Draghi said at a press conference on Thursday:

• Recovery in the Eurozone continued, but at a weaker pace than expected;
  
• The central bank could extend its asset buying programme if needed;
  
• A slowdown in the Chinese economy will have a negative impact on the global trade and on the stock markets;
  
• There are new downside risks to growth and inflation;
  
• The weaker inflation outlook was due to "transitory effects";
  
• The limit on sovereign bond ownership by the central bank will be raised to 33% from 25%.