With several members of the ECB Committee arguing for this action in the last few months, the real surprise came from Draghi refusing to rule out a rate cut into negative territory (interest rates are currently at 0.05 %) in an attempt to further weaken the euro. (globalriskinsights.com)
I think the plan should have a modest impact on the ECB's goals of weakening the euro exchange rate and making it easier for businesses and consumers to borrow money, which, in turn, may stimulate growth. (us.beyondbullsandbears.com)
This news helped to weaken the euro, and a softer euro, a dovish central bank and lower German Bund yields helped push European equities up by nearly 3 % (in euros) last week. (blackrockblog.com)