Economics

ECB Bought Record Amount of Debt Last Week in Virus Fight

Government bond purchases under QE rose by 20 billion euros
Another 15.6 billion euros spent under PEPP in just two days

A public information screen advises people to 'stay at home' to avoid spreading the coronavirus, at Berlin's main train station on March 26. — A public information screen advises people to 'stay at home' to avoid spreading the coronavirus, at Berlin's main train station on March 26.
Photographer: Jacobia Dahm/Bloomberg

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By Piotr Skolimowski and John Ainger

March 30, 2020 at 3:06 PM UTC

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The European Central Bank boosted its asset purchases by a record last week as it tried to calm financial markets reeling from the impact of the coronavirus pandemic.