In near moment, the European Central Bank will hold the press conference and announcing its first monetary decision of 2015. It is strongly expected that the ECB is to launch a QE program. European stock market opened high in Monday for anticipation of this almost sure to happen monetary stimulus. The biggest concern centers at the size of this QE package, and speculators expected this to be between €50 billion to €60 billion a month. In less than 10 minutes the decision will be unveiled. Global central banks are now pursuing monetary expansion through different approaches. I will then follow up ECB's announcement with an overview of global central banks' strategies.
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