ECB coronavirus plan: Analysts react to extra $676 billion pledge - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

'The ECB action was strong, but when Lagarde went into the details investors lost their excitement': Here's what analysts are saying about the ECB's $1.53 trillion rescue package'

The European Central Bank increased its Pandemic Emergency Purchase Programme by a further 600 billion euros on Wednesday. One analyst said: "With these decisions, the ECB clearly surprised the market on the dovish side, as reflected in significantly lower peripheral yield spreads over bunds" during the ECB's announcement.Markets Insider rounded up some of the most exciting reactions below.

"The ECB has thrown the kitchen sink at the Covid-19 pandemic in an effort to stabilize and reignite the Eurozone economy.""European stocks dropped after she noted that the ECB hasn't yet discussed adding corporate junk bonds to PEPP." "Financial markets should overall be happy with the ECB and any weakness should be short-lived and seen as a classic 'buy the rumor, sell the news' event.""Coming shortly after the recent moves towards establishing a joint European fiscal response, and Germany's fresh fiscal stimulus announced last night, this should help to sustain the positive sentiment towards the euro-zone for a while longer.

"But the Bank's monetary policy grandees have clearly decided that worries about inflation must wait for another day. Now their focus is entirely on seeing off the existential crisis that Europe's looming depression poses."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Look inside a modern Colorado ranch home made of shipping containers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That is so nice!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The ECB just announced $676 billion of new stimulus to fight the coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It appears we're in a perpetual state of emergency,forever, until the end of time -Cortisol City!Rates can never normalize,QE can never stop, all forms of purchase programs either...How long until the banks own literally everything at this rate, and there's nothing left to buy? quite amazing aka tax payers announce they will be contributing to their own stimulus
Source: BusinessInsider - 🏆 729. / 51 Read more »

Billionaires got $565 billion richer during the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Billionaire’s Lives Matter That's because billionaires get wealthy owning stocks while the poor rely on their incomes which unfortunately were reduced or disappeared. Nothing sinister here BI, stop with your one sided articles. 'Richer'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market crash coronavirus: Insider account from Bank of England - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »