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ECB confirms €1.2 trillion scheme

The European Central Bank has announced a €1.2 trillion debt-buying scheme designed to boost the Eur...
TodayFM
TodayFM

3:26 PM - 22 Jan 2015



ECB confirms €1.2 trillion sch...

News

ECB confirms €1.2 trillion scheme

TodayFM
TodayFM

3:26 PM - 22 Jan 2015



The European Central Bank has announced a €1.2 trillion debt-buying scheme designed to boost the Eurozone economy.

The initiative will see the bank buying up 60 billion euro worth of debt per month over an 18 month period.

It's designed to promote inflation and persuade banks to lend more money.

Markets are expected to respond favourably to the ECB move.

However business reporter Ian Guider says there is some element of risk involved:



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