The move comes as traditional efforts to boost sluggish economic activity in the 19-nation eurozone have been exhausted through rate cuts that have brought borrowing costs to nearly zero. — AFP
BERLIN: In what may be its best and last chance to stimulate growth and ward off deflation across the eurozone, the European Central Bank (ECB) will launch its long-awaited 1.1-trillion-euro (US$1.2 trillion) quantitative easing programme.
Monday’s kick-off was announced on Thursday by ECB president Mario Draghi, who confirmed the eurozone central bank will begin its programme of buying around 60 billion euros of public and private bonds each month starting today – a policy it will apply until at least September 2016.
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