Carney says eurozone QE 'absolutely necessary'

9615973034-dbef25517d
Mark Carney

The European Central Bank (ECB) was right to launch quantitative easing (QE) yesterday, according to Bank of England (BoE) governor Mark Carney, who offered his support for the policy in a panel discussion at Davos this morning.

ECB president Mario Draghi announced plans to buy €60 billion of assets each month from March 2015 to September 2016, the majority of which will be eurozone government debt.

"[The programme is] absolutely necessary to preserve the prospect of medium-term prosperity in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.