ECB to start quantitative easing as it raises growth forecast

The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.

President Mario Draghi said the first bond purchases with new money would take place on March 9.

The eurozone’s central bank has said it will buy €60bn a month until September 2016 or until inflation is pushed backed towards a target of close to but below 2%.