LONDON — The European Central Bank (ECB) will inject billions of euros into the eurozone economy, purchasing bonds worth €60 billion per month until the end of September 2016.
Mario Draghi, ECB president, said on Thursday that the programme will begin in March.
The measures, which are known as quantitive easing (QE) and are more extreme than previously expected, are an attempt to revive the economy in the eurozone and stimulate spending. Interest rates will also be held at a record low 0.05%, where they have been since September 2014. Read more...
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