THE IRISH TIMES reports:
The European Central Bank launched a €750 billion euro ($818 billion) emergency bond purchase programme on Wednesday to push down borrowing costs in a bloc struggling with the economic fallout of coronavirus, it said in a statement.
“Purchases will be conducted until the end of 2020 and will include all the asset categories eligible under the existing asset purchase programme,” the ECB said after an emergency meeting late on Wednesday, less than a week after policymakers approved fresh stimulus measures.
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