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 Eu
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