About: http://data.cimple.eu/news-article/8711491cbca09414ed1b4fcd9fecd4af45a14d22c65fd9c30fe71bb1

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/8711491cbca09414ed1b4fcd9fecd4af45a14d22c65fd9c30fe71bb1 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	The European Central Bank on Monday said it stood ready to take action as concerns grow about the impact of the coronavirus epidemic on the global economy. The fast-spreading outbreak has roiled financial markets and disrupted international travel and supply chains, fuelling fears that it will take a toll on economic growth this year. "The coronavirus outbreak is a fast developing situation, which creates risks for the economic outlook and the functioning of financial markets," ECB chief Christine Lagarde said in a statement. "We stand ready to take appropriate and targeted measures, as necessary and commensurate with the underlying risks." The ECB's governing council is due to hold its next monetary policy meeting in Frankfurt on March 12. Observers are sceptical that there is much the central bank can do given its already ultra-loose monetary policy. The bank has in recent years rolled out unprecedented stimulus measures to bolster the eurozone economy and drive up stubbornly low inflation. It has set interest rates at record low levels, offered cheap loans to banks and bought up more than 3.6 trillion euros ($4 trillion) in corporate and government bonds. Before the outbreak, the ECB had been widely expected to leave its monetary policy unchanged for a while. But some analysts have suggested it could now opt to cut its bank deposit rate deeper into negative territory, making it more expensive for banks to park their cash with the ECB in a bid to encourage lending, or it could ramp up its monthly bond purchases. The US Federal Reserve and the Bank of England have also indicated they are ready to take action to support the economy. The novel coronavirus outbreak that started in China late last year has now killed more than 3,000 people and infected some 90,000 as it spreads around the globe. The OECD on Monday lowered its global GDP forecast by half a percentage point to 2.4 percent, the lowest rate since the 2008-09 financial crisis. That forecast assumes the virus outbreak fades this year, but a more severe outbreak "would weaken prospects considerably", the group of free-market economies said. In export-driven Germany, Europe's top economy, Finance Minister Olaf Scholz said the government had the means to "launch a fiscal stimulus package" if the situation worsened. mfp/jxb
schema:headline	ECB ready to 'take appropriate measures' on coronavirus
schema:mentions	Deposit account European Central Bank Eurozone Finance minister Frankfurt Christine Lagarde Olaf Scholz Federal Reserve Inflation OECD Germany Gross domestic product England European Union Virus China Coronavirus Severe acute respiratory syndrome coronavirus 2 Market economy Fiscal policy Monetary policy Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software