Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.The eurozone's central bank has said it would buy 60 billion euros a month until September 2016 or until inflation is pushed backed toward a target of close to but below 2 percent.The ECB, which left interest rates on hold at record lows just above zero at its meeting off-base in Cyprus Thursday, lifted its growth forecast to 1.5 percent for this year, from the 1.0 percent it predicted in December.That is sufficiently close to the ECB's target to suggest money printing will not run beyond September 2016 .Draghi said it would only steer clear of bonds yielding less than the ECB's -0.2 percent deposit rate.
FOLLOW THIS ARTICLE