ECB to Announce Targeted Lending

The video discusses Scotland's referendum on independence from the UK, highlighting the potential end of a centuries-old union. It then shifts to the Federal Reserve's decision to maintain low interest rates despite economic improvements, with Chair Janet Yellen indicating a long-term plan to normalize the balance sheet. Finally, the European Central Bank's new lending program, aimed at boosting its balance sheet, is covered, with expectations of significant economic impact.

What is the purpose of the European Central Bank's targeted lending program?

What range of money are economists seeing in today's offer?