The ECB’s Monetary Policy Response to the COVID-19 Crisis

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Series Details PE 648.787
Publication Date April 2020
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Abstract:

The coronavirus pandemic is taking a heavy toll on the euro area economy, necessitating a timely and resolute macroeconomic policy response. The ECB's Governing Council acted decisively by taking a series of measures that collectively provide a substantial monetary policy stimulus aimed at safeguarding the effective transmission of monetary policy and preventing a serious deterioration of financial conditions.

This briefing paper provides an overview of the monetary policy measures taken by the ECB until 16 April 2020.

Source Link Link to Main Source https://www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_BRI(2020)648787
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ESO Records
ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP) [ECB Press Release, March 2020] https://www.europeansources.info/record/ecb-announces-e750-billion-pandemic-emergency-purchase-programme-pepp/

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