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Draghi to Roll Out Red Carpet for His Easing Star
Economists, analysts and market watchers will wait for European Central Bank (ECB) President Mario Draghi and the Governing Council members on Thursday as they unveil their new inflation and growth projections and launch their signature quantitative easing program approved during the January 22 policy meeting, following their peers in the US, UK, Japan and elsewhere. The ECB approved a massive €1.1 trillion sovereign bonds purchases project, spread out to the end of 2016. The program is scheduled to start in March, with the buying of €60 billion worth of mostly government bonds a month, to ease deflation trends ... (full story)
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