NEWSFLASH – Draghi Announces Quantitative Easing
In a predicted move, Mario Draghi has just announced the introduction of Quantitative Easing in the Eurozone. This is at a level of €60bn per month which is more than anticipated.
Draghi cited the inflation dynamics being weaker than expected in the Eurozone and the economic measures introduced between June and December not providing the results they desired.
Euro has initially weakened but it is extremely volatile. Please contact your personal account manager if you’re buying or selling Euro now or in the near future.