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The European Central Bank (ECB) has announced plans for a €1.1 trillion euro (Sh113.8 trillion) stimulus package in a last-ditch attempt to breath life into the European economy.
At its monthly governing council last week Thursday, the eurozone’s bank agreed to start buying up government bonds from March in an unprecedented quantitative easing (QE) programme. The programme, which will cause a rush of money to enter the market, will run until September 2016 at the earliest.
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