While you were sleeping: ECB exceeds expectations

Thu, 22 Jan 2015

By Margreet Dietz Jan. 23 (BusinessDesk) - Equity markets climbed after European Central Bank President Mario Draghi delivered a larger-than-expected quantitative easing program worth more than 1 trillion euros in an effort to fuel the euro-zone economy and ward off deflation. The ECB said it plans to buy 60 billion euros worth of assets per month, starting in March until at least the end of September 2016. Most of the purchases will be government securities but there will be some corporate assets in the mix too. “People were hoping fo...

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