Breaking News

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
NOW WATCH: What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence
See Also:
  • US companies cut 2.76 million jobs in May, less than one-third of what economists expected, ADP says
  • The US economy could take nearly a decade to recover from the coronavirus pandemic, according to the CBO
  • With the US plunging into chaos and one-in-four American workers out of a job, Trump lacks a clear plan to revive the economy
Press Release Distribution



No comments