The European Central Bank has finally fallen into line with its peers in the U.S., U.K. and Japan by launching its own program of quantitative easing.
ECB President Mario Draghi on Thursday announced that the Eurosystem of the EU member states' central banks would start in March to buy public and private bonds at the rate of 60 billion euros ($68 billion) a month until mid-September 2016 or, he noted, "in any case until we see a sustained adjustment in the path of inflation which is consistent with our aim of achieving inflation rates below, but close to, 2% over the medium term."
