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ECB announces €750 billion pandemic bond-buying program

Frankfurt | The European Central Bank launched an extra emergency bond-buying program worth €750 billion ($1.4 trillion) in the latest attempt to calm markets and protect a euro-area economy struggling to cope with the coronavirus epidemic.

"Extraordinary times require extraordinary action. There are no limits to our commitment to the euro," President Christine Lagarde said. The euro and US equity futures rose after the stimulus measures.

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    Original URL: https://www.afr.com/policy/economy/ecb-announces-750-billion-pandemic-bond-buying-program-20200319-p54bpz