ECB agrees to inject additional €600bn into eurozone economy
by Richard Partington from on (#54AH6)
The single currency bloc is facing the deepest recession in memory and unprecedented job losses
The European Central Bank has ramped up its coronavirus pandemic response by agreeing to inject an additional 600bn (539.5bn) of emergency financial support into the Eurozone economy.
Faced with the deepest recession in living memory and rapidly rising job losses across the single currency bloc, the ECB said it would increase the size of its quantitative easing bond-buying programme to 1.35tn.
Related: Bank boss Lagarde must quell Berlin's unease if she is to boost the eurozone
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