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- ECB Monetary Policy Meeting Account: most Governing Council members voted for quantitative easing
ECB Monetary Policy Meeting Account: most Governing Council members voted for quantitative easing
The European Central Bank's (ECB) its minutes of January meeting on Thursday, for the first time. The ECB named its minutes the account. According to the minutes, the most Governing Council members voted a EUR60 billion a month bond-purchase programme, mostly government bonds, to increase inflation and to spur economic growth in the Eurozone.
One member wants to consider buying corporate bonds.
The central bank decided to launch its quantitative easing because earlier stimulus measures were "more limited" than expected.
The ECB decided on January 22 to launch an expanded asset purchase programme of 60 billion euro a month starting from March 2015 until September 2016.
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