|Author (Person)||Rakic, Drazen|
|Author (Corporate)||European Parliament: European Parliamentary Research Service|
|Series Title||EPRS Briefings|
|Series Details||PE 648.787|
|Publication Date||April 2020|
|Content Type||Research Paper|
The coronavirus pandemic is taking a heavy toll on the euro area economy, necessitating a timely and resolute macroeconomic policy response. The ECB's Governing Council acted decisively by taking a series of measures that collectively provide a substantial monetary policy stimulus aimed at safeguarding the effective transmission of monetary policy and preventing a serious deterioration of financial conditions.
This briefing paper provides an overview of the monetary policy measures taken by the ECB until 16 April 2020.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Monetary Affairs|
|International Organisations||European Union [EU]|