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ECB: No limits

The European Central Bank (ECB) has announced a temporary EUR750bn bond-buying programme to address the “serious risks” posed by the outbreak of COVID
23 March 2020
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    Key takeaways

    • ECB President Lagarde also stated that “there are no limits to our commitment to the euro” amid concerns that a recent rise in borrowing costs could undermine financial stability in the eurozone
    • The latest action from the ECB highlights the extent to which global policymakers are willing to push boundaries in order to help mitigate the economic impact of the pandemic
    • Nevertheless, we still think elevated uncertainty and market volatility justifies a cautious near-term investment strategy