Bourse up 0.7%, spread down to 145

(ANSA) - Milan, September 12 - The Milan bourse rose 0.7% and the spread fell to 145 points after the European Central Bank cut its deposit rate and started a new 20-billion-euro-a-month QE programme Thursday.
    The 10-year BTP yield fell to a new low of 0.77%.
    The ECB also launched a new three-year TLTRO maxi-loan and said rates would be kept lower or steady until it reached its inflation target.
    The central bank said QE would continue "as long as necessary".