Europe to start €1.14trn “easy money” program on March 9 – ECB President

Europe to start €1.14trn “easy money” program on March 9 – ECB President

The European Central Bank will kick off its monthly €60 billion purchases of government bonds and private sector assets next Monday, said the head of the ECB Mario Draghi.

“We will on 9 March 2015 start purchasing euro-dominated public sector securities in the secondary market. We will also continue to purchase asset-backed securities and covered bonds which we started last year,”Draghi told a news conference in Cyprus.

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