ECB reveals flexibility in QE programme
Draghi delivers upbeat press conference
The European Central Bank (ECB) today revealed there will be "some flexibility" in its quantitative easing (QE) programme – covering both the dispersion and type of asset purchases.
The programme, commencing March 9, will see the Eurosystem buying a package of public and private assets worth €60 billion ($66 billion) a month until September 2016. Today the ECB released the finer details of the €1.1 trillion undertaking.
Of the total purchases 80% will be conducted by national central banks
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