Further euro weakness expected after ECB announcement
Programme of €60bn in asset purchases a month include sovereign bonds
The European Central Bank (ECB) surpassed market expectations on January 22, with the announcement of a hefty quantitative easing programme (QE) that will include the purchase of government bonds.
The programme, starting in March, plans to make asset purchases of €60 billion per month until at least September 2016. It could be extended, indicates ECB president Mario Draghi, if the central bank's inflation target of just below 2% is not met over the medium term. On the eve of the event, FX
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