After the ECB left the rates unchanged once again, president Mario Draghi is facing the press and giving a statement regarding the current situation. A half hint of more demand for a rate cut in the press conference sends EUR/USD significantly lower. Draghi is expected to give some hints about a future cut, perhaps in January, and is widely expected to present lower forecasts for growth and inflation. Live Blog of the Event. Highlights GDP Forecasts are lower for 2012-2014, but recovery coming in 2013. Inflation forecasts for 2013 are lower. Borrowing to banks to continue. Wide discussion on rate cut - a hint for a ... (full story)