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Urgent: ECB to start euro zone quantitative easing

Xinhua, January 22, 2015 Adjust font size:

The European Central Bank decided on Thursday to start quantitative easing by purchasing public and private securities in a bid to address prolonged low inflation.

ECB President Mario Draghi said the purchasing would start in March and last until the end of August in 2016 with an amount of 60 billion euros (about 69.48 billion U.S. dollars) per month. Endit