ECB launches 750 billion euro emergency bond purchase scheme

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ECB launches 750 billion euro emergency bond...
 © In-Cyprus 2020
The European Central Bank launched a  750  billion euro ($818 billion) emergency bond purchase programme on Wednesday to push down borrowing costs in a bloc struggling with the economic fallout of coronavirus, it said in a statement.

“Purchases will be conducted until the end of 2020 and will include all the asset categories eligible under the existing asset purchase programme,” the ECB said after an emergency meeting late on Wednesday, less than a week after policymakers approved fresh stimulus measures.

The scheme will also include debt from Greece, which...


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This article was automatically added to our system 19-3-2020

ECB launches 750 billion euro emergency bond purchase scheme


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