NOT SO FAST (News - Alert): European Central Bank President Mario Draghi said it was too soon to talk about an exit from its massive emergency loans to banks. The 17–country eurozone is struggling with slack economic conditions and record high levels of unemployment.

THE DETAILS: Speaking after the ECB left its key interest rate unchanged at the record low of 1 percent, Draghi said the bank was still sizing up the "powerful and complex" effects of the euro1 trillion ($1.3 trillion) in loans it handed out in two batches to banks on Dec. 21 and Feb. 29.

THE OUTLOOK: His statement seemed to put a lid on recent remarks by top ECB officials that the bank could quickly drain the money it had poured into the banking system before the excess cash has a chance to push up inflation.