ECB ramps up stimulus in coronavirus fight but stops short of rate cut
ECB President Christine Lagarde told a news conference the virus would have a "significant impact on economic activity" even if it is ultimately temporary in nature and called for "an ambitious and coordinated fiscal policy response".
The European Central Bank approved fresh stimulus measures on Thursday to help the bloc cope with the "major shock" of coronavirus but left interest rates on hold, dismaying markets, and said euro zone governments must lead the pandemic response.
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