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In a move to aid the eurozone, the European Central Bank (ECB) has boosted its pandemic emergency program by a whopping €600 billion to €1.35 trillion.This monetary policy bazooka comes on top of a €750 billion proposal by the European Commission, adding to a range of strategies in Europe and around the globe to combating the coronavirus menace. With the EU projected to contract -8.7% this year, every single support offered by the ECB and government will certainly shape the outlook over the coming months.Why it matters?Quantitative easing is a monetary policy tool that central... Read More
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