ECB will begin purchasing euro-denominated public sector securities in the secondary market

ECB president Mario Draghi announced Thursday that
the ECB will begin purchasing euro-denominated public
sector securities in the secondary market — i.e,
quantitative easing — on Monday, March 9. Draghi first
announced the ECB’s decision to expand its asset-
purchase program on January 22, and the details he
released on Thursday are consistent with that January
announcement. Monthly purchases will be €60 billion
(roughly $66 billion in USD) and will continue until
September 2016, giving the quantitative easing program
a total value of €1 trillion, or $1.1 trillion in USD.