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Mario Draghi Explains His Apparent Hawkish-to-Dovish Flip-Flop - ECB Press Conference Live Feed

Bund yields and the euro are lower after the ECB statement seemed to tilt dovishly - with Draghi proclaiming there's more "whatever it takes" if we need it - painting quite a different picture from his normalization chatter a few weeks back. We are sure he will explain himself fully to avoid any and all confusion during this morning's press conference.

Bund yields back at 2-week lows but a long way to go to erase Draghi's turmoil.

Once again, here are two cheat sheets to keep tabs on whether Draghi is leaning hawkish or dovish:

From ING

And from Citi:

ECB Press Conference Live Feed (due to start at 0830ET)