ECB to resume bond-buying program

Eurozone's policy makers agreed to an unlimited bond- purchase program to regain control of interest rates in the region. The decision was made during today's press conference in Frankfurt after the ECB held its benchmark rate at a record low of 0.75 per cent. The European Central bank will target government bonds with maturities from one to three years, including longer-dated debt that has a residual maturity of that length.