ECB announces: Printing 60 billion Euro/month
The 60B/month is slightly higher than the trial balloon yesterday. 80% of buying needs to come from national central banks, and it must only be "investment grade" debt. Whatever "investment grade" means in the Eurozone these days.
Immediate market reaction: gold up a bit (+0.80, but +10 from the point of the announcement), oil down a bit, euro down (-0.67%), US equities unchanged (although they rallied in anticipation of the announcement).