The European Central Bank has launched a 'bazooka' $820 billion pandemic fund to aid markets. 'There are no limits.'
The European Central Bank has launched a 'bazooka' $820 billion pandemic fund to aid markets. 'There are no limits.' response to the coronavirus in a bid to calm financial markets.
It follows similar plans by the Federal Reserve and numerous major economies to stem the damage from Covid-19. response to the coronavirus in a bid to calm financial markets. The ECB had been under pressure to respond following a decision by the Federal Reserve Sunday to provide a $700 billion stimulus package while also bringing interest rates close to zero in the US.
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