Friday

29th Mar 2024

Ticker

ECB gives eurozone a €500bn shot in the arm

The European Central Bank is to inject a further €500bn into its corona-relief bond-buying scheme, the Pandemic Emergency Purchase Programme, bringing the total to €1.85 trillion. It also extended the life of the scheme by nine months until March 2022 and the life of its super-cheap bank loans until June 2022, in a sign of how long the economic fallout of the health crisis is likely to continue.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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