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The European Central Bank (ECB) President Mario Draghi said at the press conference on Thursday that the central bank will launch an expanded asset purchase programme of 60 billion euro a month starting from March 2015 until September 2016. In aggregate, the asset purchasing programme will be over 1.1 trillion euro.
Analysts had expected the ECB president to announce an asset purchase programme of 50 billion euro a month.
Draghi pointed out that "some additional eligibility criteria will be applied in the case of countries under an EU/IMF adjustment program".
Main comments by the ECB president:
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