Davos WEF
Davos WEF

Today's blog: Markets cheer after ECB confirms massive QE


Policymaking dominated the second day of the World Economic Forum in Davos, Switzerland, after the head of the European Central Bank (ECB), Mario Draghi, confirmed a full-blown government bond-buying program in the region.

The ECB said it would buy 60 billion euros ($70 billion) of private and public bonds each month until September 2016. Earlier, it opted to keep interest rates unchanged.

News of the program—which was larger than expected—moved markets, with stock indexes, bond prices and currencies reacting in Europe and across the world.

Read on to see how we covered the breaking news and reaction from Davos and beyond (mobile users click here):