Summary

In one of the final acts of a highly eventful term as president of the European Central Bank (ECB), Mario Draghi has restarted the ECB’s bond-buying program just nine months after it was officially drawn to a close.

The ECB will begin buying €20 billion in bonds each month starting from November.

The return of quantitative easing comes as signs of recession continue to mount across the euro zone, particularly in the export engine of Germany. But this wasn’t the only trick that Draghi had up his sleeve before handing the reigns of monetary policy over to Christine Legarde.