Economics
Central Banks Go Into Overdrive as Economic Crisis Deepens
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Central banks stepped up their emergency efforts to calm financial markets and support their economies in a historic week of market losses as more of the world shuts down to contain the coronavirus outbreak.
Meeting into their nights, policy makers at the Federal Reserve launched a program to support money market mutual funds, hours after those at the European Central Bank annonced a 750 billion euro ($820 billion) bond-buying initiative.