Top News | Mar 6, 2015
Draghi fires starting shot for QE
Stocks posted gains after European Central Bank President Mario Draghi fired the starting shot to the central bank’s quantitative easing program. While the ECB kept its interest rates unchanged as expected, central bank head Draghi announced the ECB will start its quantitative easing measures on Monday, March 9. The central bank will buy EUR 60bn a month at least until September 2016. At the same time, the ECB delivered a more optimistic outlook on growth and inflation in the Eurozone.