About: http://data.cimple.eu/news-article/27d1f15da414d9934c191155da388430ed2e886a570f3020959c0cec     Goto   Sponge   NotDistinct   Permalink

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

AttributesValues
rdf:type
schema:articleBody
  • The European Central Bank on Wednesday announced a surprise 750-billion-euro scheme to purchase government and corporate bonds, as it joined other central banks in stepping up efforts to contain the economic damage from the coronavirus. The so-called Pandemic Emergency Purchase Programme comes just six days after the ECB unveiled a big-bank stimulus package that failed to calm nervous markets, piling pressure on the bank to open the financial floodgates. The $820-billion asset purchasing scheme will be temporary and be concluded once the bank "judges that the coronavirus Covid-19 crisis phase is over, but in any case not before the end of the year", it said in statement. The decision came after the bank's 25-member governing council held emergency talks by phone late into the evening. The ECB said it was "committed to playing its role in supporting all citizens of the euro area through this extremely challenging time". "The governing council will do everything necessary within its mandate," it said, adding that the size of the asset purchases could be increased if needed. It also said it stood ready to relax some self-imposed restrictions on bond purchases to potentially help countries like Italy whose bond yields have soared over the coronavirus panic. Critics had in recent days slammed the ECB for not doing enough to support the eurozone compared to the drastic action taken by the US Federal Reserve. But the immediate reaction from analysts was positive. The ECB's latest medicine could be "a game changer for the euro area economy and credit markets" if it was accompanied by fiscal action from eurozone governments, Pictet Wealth Management strategist Frederik Ducrozet said. mfp/rma
schema:headline
  • ECB launches 750 bn euro 'pandemic emergency' bond-buying scheme
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
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, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software