ECB Asset Purchase Announcement Didn't Surprise EveryoneMark Melin
As certain key economic statistics are rising in the Eurozone, the European Central Bank (ECB) announced today that they were dropping interest rates “to ward of deflation.”
ECB also launches asset backed securities purchase plan
The ECB also announced they were engaging in asset backed securities, turning to a “quantitative easing” like stimulus program similar to that of the US Federal Reserve.
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