Above images gives history of EUR and its adoption as a common currency of Euro zone.
We all know these days market participants are looking at the meeting of European Central Bank ( ECB) which will be held on 26 October 2017 to get some clue on the prospects of Quatitative Easing Programme ( QE) which is suppose to end at the end of the year 2017. We all are looking what will be effect on EUR if ECB ends QE in December 2017 and what if they don't end it. So friends lets have a look at nitty-gritty of Quantitative Easing Programme of European Central Bank.
It is a bond and asset purchase programme of Central Bank of a region or Country to boost inflation to desired level. In context of Euro region European Central Bank buys Bonds from regional Banks, this increases the price of these bonds and creates money in the system, as money rises in the system it results into cheaper loans and interest rate falls, this helps to business and peoples to borrow more and spend less on their debt, as a result of this consumption and investment rises which in result creates more jobs and supports economic growth.
ECB QUANTITATIVE EASING HISTORY