An Overview of the ECB COVID-19 Decisions

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Central banks around the world were under fire in 2020. The pandemic found most of central banks in the developed world with interest rates at the lower boundary. How to react, and what additional steps to take when the interest rates are already at or below zero?
The ECB provides a great example of how to ease monetary policy without touching interest rates.

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In any crisis, a fast response is crucial, and central…

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