The ECB just announced $676 billion of new stimulus to fight the coronavirus
: "In response to the pandemic-related downward revision to inflation over the projection horizon, the PEPP expansion will further ease the general monetary policy stance, supporting funding conditions in the real economy, especially for businesses and households."exchange rate is up 0.2% at 1.13.
The announcement of a huge new injection of monetary stimulus comes the after the European Commission proposed a €750 billion fiscal stimulus programme.Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
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