The euro is surging.
European Central Bank president Mario Draghi is holding a news conference explaining the ECB's most recent monetary policy decision.
Draghi also announced that the ECB had slashed its growth and inflation expectations and said that "early" in 2015 the ECB would reassess its stimulus plan.
Draghi added that "early" did not mean January, and as Business Insider's Mike Bird reports, it looks as if we might have to wait a few months for more easing from the ECB, which most likely comes as a disappointment to a market that had been hopeful the lack of growth and inflation in the eurozone might be enough to prompt action from the ECB.
As Draghi speaks, stocks in Europe are also getting hit, notably stocks in Italy, which are down 2.5%.
The euro was volatile around the ECB's announcement but has now started surging higher.
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