ECB says it will pump new money into economy through bond purchases until inflation picks up

January 22, 2015 3:45 PM

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FRANKFURT, Germany – The European Central Bank on Thursday launched its most aggressive effort to date to revive the region's ailing economy — a program to buy 1.1 trillion euros in government and private bonds starting in March.

The long-awaited program was an emphatic statement of the central bank's willingness to do all it can to rejuvenate the economy shared by the 19-nation euro currency alliance. And it showed the multinational ECB's readiness to assert its independence against critics in Germany, the eurozone's larges...

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