歐洲央行加大量化寬鬆力度大綱

Mario Draghi’s latest bid to revive the eurozone economy by extending unprecedented monetary easing yesterday failed to impress markets that had bet on even more.

馬里奧德拉吉(Mario Draghi)通過延長空前的貨幣寬鬆來重振歐元區經濟的最新努力，昨日未能打動此前押注更大政策力度的市場。

The European Central Bank pledged to continue its 60bn-a-month bond buying programme for another six months until March 2017 “or beyond”. Policymakers also cut a key interest rate to a historic low of minus 0.3 per cent and agreed to buy more assets with the proceeds of its existing bond purchases.

歐洲央行(ECB)承諾將延長每月600億歐元的債券購買計劃6個月，至2017年3月“或者更久”。政策制定者還將關鍵利率降至-0.3%的歷史低點，並同意將現有債券購買的收益用來買入更多資產。

But these measures — supported by a decision to buy municipal bonds in addition to standard government debt — disappointed investors who had hoped for deeper rate cuts and more monthly bond purchases.

但這些措施——得到購買市政債券（而不只是標準的政府債務）的決定的支持——讓投資者失望，後者曾希望歐洲央行進行更大幅度的降息，並擴大每月債券購買規模。

The announcement prompted a sell-off in equity and bond markets and the euro climbed to a one-month high against the US dollar.

這一消息在股票和債券市場引發拋售，歐元兌美元匯率升至一個月以來最高位。