By Sheyna Steiner for Bankrate.com The European Central Bank announced a new effort to stimulate inflation in the Eurozone and further weaken the currency: quantitative easing, or QE. Combined with asset purchases begun last year, the ECB will be buying 60 billion euros worth of securities each month until at least September 2016. With scarce demands for loans and reluctance on the part of banks to lend money, traditional levers of monetary policy, namely interest rates, have little impact.