We have investigated via SQUID magnetometry and polarised neutron reflectivity the exchange-bias effect in CoO/Co sputtered multilayers. In particular, we studied the magnetisation reversal and the time relaxation of the exchange-bias field close to the coercive field Hc1. Neutron intensities of all four cross sections (I++, I+-, I-+, I-) were recorded at the position of the first multilayer
... [Show full abstract] Bragg peak while scanning the magnetic field. From such scans we infer that the magnetisation reversal for the ascending as well as for the descending branch of the magnetic hysteresis occurs not by in-plane rotation but through domain-wall movements. The exchange-bias field, HEB, is strongly affected by thermal fluctuations. HEB decreases, following an exponential decay function with a half-life time of about 580 s at T=240 K.