ECB: New measures in support of the COVID-19 emergency

12 March 2020

Covid-19 is a shock for all European economies. The ECB has unveiled extraordinary measures in response to the coronavirus emergency.

Utility links

Targeted Longer-Term Refinancing Operations
Additional Longer-Term Refinancing Operations
In order to address the adverse impact of the coronavirus pandemic, on 12 March 2020 the Governing Council of the European Central Bank (ECB) decided on additional longer-term refinancing operations (LTROs) to provide immediate liquidity support to banks and to safeguard money market conditions. These operations will provide an effective backstop if necessary.
The Eurosystem's public and private sector asset purchase programmes and securities lending
The Eurosystem's asset purchase programme (APP) consists of four asset purchase programmes
Monetary policy decisions 4 June 2020
Pandemic emergency purchase programme

Annexes

12 March 2020

ECB press conference 12 March 2020 - Introductory statement
pdf 95.7 KB
12 March 2020

Monetary policy decisions 12 March 2020
pdf 91.9 KB
12 March 2020

ECB Banking Supervision provides temporary capital and operational relief in reaction to coronavirus
pdf 141.7 KB
18 March 2020

ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP)
pdf 27.4 KB