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Lagarde Set for All-Out ECB Action on Virus: Decision Day Guide

  • ECB is under pressure to deliver stimulus after Fed, BOE moves
  • Officials expected to cut rates, provide super-cheap liquidity
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What can the ECB do beyond a rate cut for stimulus?(Source: Bloomberg)
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Christine Lagarde will bid to prevent the coronavirus outbreak from sparking a repeat of the 2008 financial turmoil when the European Central Bank finally unveils its monetary response to protect the region’s economy.

The president effectively -- and exceptionally -- pre-committed action this week when she told European leaders that the region risks an economic shock that echoes the crisis of the last decade unless they act urgently. She said the central bank would do its part.