Markets

The ECB just announced $676 billion of new stimulus to fight the coronavirus

The European Central Bank increased its Pandemic Emergency Purchase programme by a further 600 billion euros ($US676 billion) on Wednesday. Markets were largely expecting a 500 billion euros ($US563 billion) increase. The new package takes the ECB’s total announced monetary stimulus to 1.35 trillion euros ($US1.52 trillion). ECB also extended […]
The ECB just announced $676 billion of new stimulus to fight the coronavirus
Markets

IMF: Clouds over the global economy are ‘darker by the day’

Christine Lagarde warned that trade tensions are leading to clouds accumulating on the horizon of the global economy which are “getting darker by the day.” “The clouds on the horizon that we have signalled about six months ago are getting darker by the day, and, I was going to say, […]
IMF: Clouds over the global economy are ‘darker by the day’