ECB Asset Expansion

More interest rate cuts and quantitative easing, of sorts. But surely not that much of a surprise?
ECB Press Conference, 4 Sep 2014

Postscript updates:
ECB poised to start its lending spree this week, Financial Times, 16 Sep 2014
Asset-backed indolence, The Economist, 13 Sep 2014
Is the ECB doing QE? Charles Wyplosz, VoxEU, 12 Sep 2014
Asset-backed securities: Back from disgrace, Financial Times, 30 September 2014
ECB to start asset purchases this month, Financial Times, 2 Oct 2014
ECB starts buying covered bonds, Financial Times, 20 Oct 2014