The Insanity of the ECB
“The European Central Bank (ECB) kept its main interest rate unchanged on Thursday, but markets are still on edge ahead of this afternoon’s press conference, at which central bank President Mario Draghi is expected to announce a “full-blown” quantitative easing (QE). ”Further monetary policy measures will be communicated by the President of the ECB at a press conference starting at 2.30 p.m. CET today,” the ECB said in a statement after announcing the rate decision.” –armstrongeconomics
ECB President Mario Draghi Plans To inject $1.3 Trillion To Fight Deflation
The 25-member Governing Council is gathering in Frankfurt to discuss the plan and could make changes before a final decision on, the people said,
asking not to be identified…-economictimes.indiatimes.com
Video posted 22 Jan 2015
Mario Draghi confirms the ECB will buy up to €60bn of public and private sector assets each month until the end of 2016.