Forex News – ECB’s QE package beats expectations; euro falls sharply
Posted on January 23, 2015 at 1:20 pm GMTThe highly anticipated announcement of ECB’s Quantitative Easing package in the end surpassed expectations. The European Central Bank decided that it would buy 60 billion euros worth of securities every month – around 10 billion euros of mainly bank-issued debt such as Asset Backed Securities and Covered bonds and 50 billion of government and state institution bonds. The program will start on March of 2015 and continue until September of 2016. This would inject 1.08 trillion euros of liquidity into [..]