Just a few months after taking a series of emergency measures, the ECB said it would increase bond purchases by 600 billion euros to 1.35 trillion euros and that purchases would last until the end of June 2021, which is six months longer than originally planned.
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The last decision was made after the data revealed the severity of the consequences of the coronavirus crisis in Europe. The unemployment rate in the eurozone rose to 7.3% in April from 7.1% in March, as restrictions on blocking affected jobs.
The operational management of liquidity by the ECB gives hope to investors who rely on the restoration of the European economy along with the currency of the region. Forecast for #EURUSD - growth to 1.20 by September 2020.
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #ECB #covid19 #easing #stimulus
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The last decision was made after the data revealed the severity of the consequences of the coronavirus crisis in Europe. The unemployment rate in the eurozone rose to 7.3% in April from 7.1% in March, as restrictions on blocking affected jobs.
The operational management of liquidity by the ECB gives hope to investors who rely on the restoration of the European economy along with the currency of the region. Forecast for #EURUSD - growth to 1.20 by September 2020.
=======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #ECB #covid19 #easing #stimulus
