Exact(60)
It also launched a programme of quantitative easing.
Its current programme of quantitative easing is meant to double the money supply in a very short period.
Draghi could follow the Bank of England and the US Federal Reserve with a programme of quantitative easing.
The bank may also belatedly embark upon a full-blown programme of "quantitative easing".
The European Central Bank announced a big programme of quantitative easing.
The Bank of England held its rate at 0.5% but expanded its programme of "quantitative easing".
It has acted against political opposition to deliver what is by most measures an ambitious programme of quantitative easing," he said.
All this good news comes even before the European Central Bank's €1.1tn programme of quantitative easing has started filtering through from the commercial banks to the real economy.
The Bank of England's timid monetary policy committee should not have sat on its hands last week; it should have expanded further its programme of quantitative easing.
King also defended his programme of quantitative easing (QE), which involved creating new money for Britain's financial system, saying it prevented a disaster.
The European Central Bank may launch a programme of quantitative easing this month to fend off the threat.
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