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Friday, 23 January 2015 - 12:32
ECB unveils massive QE boost for eurozone
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The European Central Bank will inject at least 834 billion pounds into the ailing eurozone economy.

The ECB will buy 60 billion Euro bonds each month from banks until the end of September 2016, or even longer, in what is called quantitative easing.

QE in theory increases the supply of money, something that keeps interest rates low and encourages borrowing and therefore spending.
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