Central bank pandemic rescue packs wow global govvie markets

By Burhan Khadbai, Frank Jackman, Lewis McLellan
19 Mar 2020

Central banks attacked the coronavirus threat this week, promising swathes of new money on an unprecedented scale to help fund governments’ colossal new fiscal commitments. Bond markets reacted with relief to the swathe of multi-billion programmes aimed at fending off global financial meltdown.

In the UK, the Bank of England announced on Thursday that it will purchase £200bn of government and corporate debt. The European Central Bank decided on Wednesday to promise an additional €750bn of asset purchases, on top of the €120bn envelope announced last week and the €20bn per month it ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial