ECB readies to unleash €1.1 trillion stimulus in to the eurozone
Telegraph - Jan 21, 2015
The European Central Bank is preparing to pump up to €50bn (£39bn) a month into the eurozone, according to reports, sending markets into a spin.
The size of the monthly bond-buying stimulus, expected to be announced on Thursday, could total as much as €1.1 trillion (£840bn), as part of a rescue package intended to boost the euro area economies and combat falling price growth. The sum would be more twice the amount that had been expected by analysts.
It would mark a historic moment for the ECB, following the lead of the Bank of England and US Federal Reserve who between them pumped almost £2.9 trillion into the financial system in a bout of post-financial crisis quantitative easing.
