ECB unveils massive QE boost for eurozone
The European Central Bank (ECB) will inject at least €1.1 trillion (£834bn) into the ailing eurozone economy.The ECB will buy €60bn bonds each month from banks until the end of September 2016, or even longer, in what is called quantitative easing (QE).QE in theory increases the supply of money, something that keeps interest rates low and encourages borrowing and therefore spending.The news sent the euro to an 11-year low against the against the US dollar.http://www.bbc.com/news/business-30933515
頁:
[1]