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European Central Bank Launches Stimulus Plan

10 Mar. 2016

The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program and offered new cheap long-term loans to banks, making an unexpectedly aggressive move to boost inflation and economic growth in the 19 countries that share the euro.

The bank's steps on most counts exceeded expectations among analysts, suggesting that it was determined to have an impact and avoid the market disappointment that occurred after its Dec. 3 meeting, when it was seen as having done less than it could have. Stock markets surged Thursday after the ECB's announcement.

Read full article from Los Angeles Times