Off the wire
• (Sports) Roundup: Cahill brace ends China's run at Asian Cup  • Feature: Public bears mixed expectations over economic impact of Greek elections  • Spain's unemployment falls to 23.7 pct in 2014  • Vietnam to attend World Economic Forum annual meeting  • U.S. assistant secretary of state to visit Vietnam for defense dialogue  • Urgent: ECB to start euro zone quantitative easing  • Vietnam to take part in ASEAN Foreign Ministers' Retreat in Malaysia  • Spotlight: China's Belt and Road Initiatives to boost links -- Russian expert  • British public fiscal deficit increases on EU budget contribution  • Ukraine partially withdraws troops from Donetsk airport  
You are here: 　 Home

1st LD: 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 2015 with a monthly amount of 60 billion euros (about 69.48 billion U.S. dollars), and was intended to last until end-September 2016.

He said the purchases of securities issued by euro zone governments and agencies would be based on national central banks' share in the ECB's capital key. Endit