ECB launches ‘comprehensive package’ as inflation outlook worsens

ECB, Frankfurt

"We have shown we are not short of ammunition," Mario Draghi said today (March 9), as he unveiled a broad new package of expansionary measures for the eurozone.

The governing council of the European Central Bank (ECB) agreed to expand the bank's asset purchase programme (APP) by a third, meaning the ECB will buy €80 billion worth of assets per month, while lowering the eurozone's main policy rate to zero and cutting its deposit rate further into negative territory.

The ECB president also

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