Excerpt from the speech by Peter Praet, Member of the Executive Board of the ECB at the FT Debt Capital Markets Outlook Conference in London, on 12 February 2015. Faced with an increasing risk of a too prolonged period of low inflation, ECB intensified stimulus to a degree necessary to bring inflation closer to 2%.

The ECB Governing Council took today the following decisions: 1. ECB decided to launch an expanded asset purchase programme: the Eurosystem will start to purchase euro-denominated investment-grade securities in March 2015 issued by euro area governments and agencies and European institutions the combined monthly purchases of public and private sector securities will amount to €60 billion

http://goo.gl/RBKVa6 Absolutely everything you need to understand what happened to the Swiss franc last week. – Quartz

http://goo.gl/TMpvB2 In anticipation of more action by ECB next week, the Swiss National Bank yesterday shocked the market. – Bloomberg