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

Christine LagardeReuters/Brendan McDermid
  • 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. 
  • Visit Business Insider's homepage for more stories.
The European Central Bank announced added a further €600 billion ($676 billion) to its coronavirus rescue plan Thursday, bringing the total stimulus package to an astonishing €1.35 trillion ($1.52 trillion). 
Markets were expecting a 500 billion euros increase ($563 billion) to the ECB's so-called Pandemic Emergency Purchase programme. See the rest of the story at Business Insider
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