Lagarde seems to stumble as ECB announces coronavirus response

Christine Lagarde has announced an extensive European Central Bank programme aimed at limiting the economic damage from coronavirus but faced a sceptical reaction from financial markets.

The ECB announced an expansion and recalibration of its targeted long-term refinancing operations, or TLTRO, and a large quantitative easing programme. It also took the extraordinary step of using a monetary policy press conference to announce a change in liquidity and capital buffer policy for the eurozone’s

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