Lagarde seems to stumble as ECB announces coronavirus response
ECB announces more QE, expanded financing and loosening of banks’ capital and liquidity buffers
Christine Lagarde has announced an extensive European Central Bank programme aimed at limiting the economic damage from coronavirus but faced a sceptical reaction from financial markets.
The ECB announced an expansion and recalibration of its targeted long-term refinancing operations, or TLTRO, and a large quantitative easing programme. It also took the extraordinary step of using a monetary policy press conference to announce a change in liquidity and capital buffer policy for the eurozone’s
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