€1.1 trillion in Euro stimulus

BRUSSELS: The European Central Bank said it will inject at least €1.1 trillion into the ailing eurozone economy. The ECB will buy bonds worth €60bn per month until the end of September 2016 and possibly longer, in what is known as quantitative easing. The ECB has also said eurozone interest rates are being held at the record low of 0.05%, where they have been since September 2014. ECB president said the programme would begin in March.