January 22, 2015 / 1:55 PM / 5 years ago

TEXT - ECB President Draghi's statement on QE programme

Jan 22 (Reuters) - European Central Bank President Mario Draghi made the following statement on the bank’s new bond-buying programme at his press conference in Frankfurt on Thursday.

(For full highlights, click )

“(The council) decided to launch an expanded asset purchase programme encompassing the existing purchase programmes for asset-backed securities and covered bonds.

“Under this expanded programme the combined monthly purchases of public and private-sector securities will amount to 60 billion euros.

They are intended to be carried out until end-September 2016 and will in any case be conducted until we see a sustained adjustment in the path of inflation which is consistent with our aim of achieving inflation rates below but close to 2 percent over the medium term.” (Compiled by London Editing Desk)

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