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I am francine lacqua. Manus i am manus cranny. Mario draghi says the ecb will do what it must. Where have we heard that before echo do what it must to raise inflation quickly. Francine Downside Risks have increased. His remarks are the ones we heard from governing council members. Manus hans nichols is in frankfurt. We just finished hearing that speech. Echoing what he heard what he said a year ago. This time it is about inflation. Hans he is concerned about inflation not rising high enough. The risks are manifest. The most important thing we heard was him talking about what he may do on deposit rates, signaling their level they can empower an increase the bang for the buck that you can get for asset purchases. A pretty strong hint that you are going to get something on the deposit rate. Confidence. Ius circled it because i was looking for evidence on what he could be confident. He didnt give much confidence he didnt give much reason for any confidence. We are going to have the slowest

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