Global Analysis from the European Perspective. Preparing for the world of tomorrow

The ECB just announced $676 billion of new stimulus to fight the coronavirus

  • The European Central Bank increased its Pandemic Emergency Purchase programme by a further €600 billion ($676 billion) on Wednesday.
  • Markets were largely expecting a €500 billion ($563 billion) increase.
  • The new package takes the ECB’s total announced monetary stimulus to €1.35 trillion ($1.52 trillion).
  • ECB also extended its horizon for net purchases until at least June 2021. Source Business Insider

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