ECB President Mario Draghi: The decision was welcomed by markets, but criticized by opponents from Germany. , according to Xinhua China. According to ECB President Mario Draghi, the total purchasing would amount to 60 billion euros about 69 billion U.S. dollars per month. It would last at least until the end of September 2016, and could be extended until the ECB saw a sustained adjustment in the path of inflation which is consistent with its medium-term inflation maintenance target of below, but close to, 2 percent. Jan. 22 Xinhua -- The European Central Bank decided on Thursday to start a large scale quantitative easing program and pump over one trillion euros into the euro zone economy in a bid to address risks of deflation. From March this year, the ECB and national central banks in the euro zone would purchase bonds and securities from euro zone governments, agencies and European institutions in addition to the existing purchasing programs of bonds and securities issued in private sector.
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