ECB launches ‘comprehensive package’ as inflation outlook worsens
Rates cut and asset purchases expanded as Draghi presents raft of new measures
"We have shown we are not short of ammunition," Mario Draghi said today (March 9), as he unveiled a broad new package of expansionary measures for the eurozone.
The governing council of the European Central Bank (ECB) agreed to expand the bank's asset purchase programme (APP) by a third, meaning the ECB will buy €80 billion worth of assets per month, while lowering the eurozone's main policy rate to zero and cutting its deposit rate further into negative territory.
The ECB president also
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