FRANKFURT—The European Central Bank said it would launch new long-term loans for eurozone banks, lower the interest rate on an existing batch of loans, and stand ready to increase purchases under a recently announced bond-buying program, amplifying its firepower to contain the economic fallout from the coronavirus pandemic.
Investors will now turn to ECB President Christine Lagarde’s news conference starting at 8:30 a.m. ET for clues as to how the bank expects the region’s economy to perform, and what more the central bank...
Again the biggest mistake ever. Aids to banks first..... Hence liquidity will vanish ...as usual!
I would like some stimulus. On the helmet.
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