Highlights from the Draghi press conference

• Draghi: Combined monthly purchases will be €60 billion, to be carried out at least until end-Sept 2016
• Draghi: Purchases start in March 2015 and include investment-grade euro area govt, agency and EU institution securities in sec market
• Draghi: Purchases to be based on the Eurosystem NCBs’ shares in the ECB’s capital key
• Draghi: Today’s measures will decisively underpin the firm anchoring of medium to long term inflation expectations
• Draghi: GovC decided that purchases of securities of European institutions (12% of additional purchases) will be subject to loss sharing
• Draghi: GovC retains control over all features of programme and ECB to coordinate the purchases to safeguard singleness of monetary policy