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ECB announcements in response to the coronavirus epidemic

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ECB announcements in response to the coronavirus epidemic


ECB announcements in response to the coronavirus epidemic

Duration: 01:47

The ECB has also decided to act to counter the devastating effects on the economy of the Covid-19. If it does not move its rates, the institution will buy back 120 billion euros in additional public and private debt by the end of the year. It will also relax certain requirements for banks in order to encourage lending to SMEs.