From the FT:
The European Central Bank launched its long-awaited bid to revitalise the eurozone economy and counter deflation with a €60bn-a-month bond-buying programme that was far larger than investors had expected.
ECB president Mario Draghi said the bank would buy more than €1tn in assets, including government and private sector bonds by September next year — and could extend the programme — in an attempt to raise eurozone inflation to its target of just below 2 per cent.