The European Central Bank launched an extra emergency bond-buying program worth 750 billion euros ($820 billion)
The decision in an unscheduled meeting on Wednesday night
ECB President Christine Lagarde reinforced the message that policy makers will do all they can, saying there are “no limits to our commitment to the euro.”
Program will cover all assets eligible under current quantitative-easing program, and will be extended to commercial papers of sufficient credit quality
Greek government debt will be included
Collateral standards will be eased
Bloomberg 19 March 2020
The eurozone’s “whatever it takes” moment has arrived
https://www.ft.com/content/be7e37b0-697b-11ea-a3c9-1fe6fedcca75
ECB President Christine Lagarde reinforced the message that policy makers will do all they can, saying there are “no limits to our commitment to the euro.”
Program will cover all assets eligible under current quantitative-easing program, and will be extended to commercial papers of sufficient credit quality
Greek government debt will be included
Collateral standards will be eased
Bloomberg 19 March 2020
The eurozone’s “whatever it takes” moment has arrived
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