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22 Jan 2015
Draghi: EUR60bn-a-month programme beginning in March
FXStreet (London) - In his press conference following the European Central Bank rate decision, Mario Draghi, the ECB president, has announced the launch of an expanded asset purchase programme, which will include existing purchase programmes for asset-backed securities and covered bonds.
Combined monthly purchases will be EUR60 billion, to be carried out at least until the end of September 2016.
Purchases will continue until there is a sustained adjustment in the inflation path consistent with aim of inflation close to, but below 2 percent over the medium term.
Purchases will start in March 2015 and include investment-grade euro area government, agency and EU institution securities.
Purchases to be based on the Eurozone National Central Banks’ shares in the ECB’s capital key.
Combined monthly purchases will be EUR60 billion, to be carried out at least until the end of September 2016.
Purchases will continue until there is a sustained adjustment in the inflation path consistent with aim of inflation close to, but below 2 percent over the medium term.
Purchases will start in March 2015 and include investment-grade euro area government, agency and EU institution securities.
Purchases to be based on the Eurozone National Central Banks’ shares in the ECB’s capital key.