ECB Launches QE; Purchases Worth 60 Billion Euros a Month

After months and months of speculation and debate, the European Central Bank (ECB) officially announced this morning that it will expand its QE, asset purchasing program.  Mario Draghi, the head of the ECB announced this morning that the central bank will purchase 60 Billion Euros worth of assets each month until September 2016.  The main target of the asset purchases will be focused on government bonds, government agencies, and large European corporations. ECB’s reasons behind QE expansion The ECB has said the reasoning for the expanded QE, asset purchase program is due to evidence of deflation around Europe, fall oil…