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ECB underwhelms on first day of quantitative easing

Purchases have been small and unless the ECB steps up the pace, there're doubts it could achieve its target


THE start of the European Central Bank's (ECB) quantitative easing programme left market participants disappointed on Monday with many asking how the bank will get to its targeted size of 60 billion euros (S$90 billion) a month.

The euro dived on Monday to a new 11.5-year