FXStreet (Mumbai) - The latest monthly bulletin released today by the European Central Bank (ECB) shows the non-stand measures (QE, negative rates) are expected to push inflation rates towards levels below, but close to, 2% over the medium term. Key points The combined effects of the non-standard measures implemented since June 2014 have significantly lowered yields in a broad set of financial market segments. The APP announcements are estimated to have led to a depreciation of the euro by 12% against the US dollar. It is also estimated that there was a positive impact on the euro stock market index of 3% in the case of the TLTROs and 1% in the case of the APP. Non-standard measures have "helped push the intended monetary policy accommodation" to households and firms. For more information, read our latest forex news.