ECB cuts all interest rates, increases QE to €80bn and announces 4 new TLRTO's

March 2016 ECB governing council meeting interest rate decision 10 March 2016

• Cuts main refi rate to 0.0% vs 0.05% exp. Prior main refi rate 0.05%
• Cuts deposit rate to -0.40% vs 0.40% exp. Prior deposit rate -0.30%
• Marginal lending rate cut to 0.25% vs 0.30% exp. Prior 0.30%
• 4 new TLTRO's announced (to be launched in June)
• QE raised to €80bn extra to start in April
• Investment grade bonds by non-bank corporations will be included in the QE shopping list

They've thrown the kitchen sink at it.