European Central Bank announced a fresh round of stimulus in the form of more asset purchases and ultra cheap loans to banks, on Thursday to support the euro area economy amid the heightened uncertainty surrounding the coronavirus pandemic. "The monetary policy measures taken today will contribute to preserving favorable financing conditions over the pandemic period, thereby supporting the flow of credit to all sectors of the economy, underpinning economic activity and safeguarding medium-term price stability," the ECB said in a statement.
"At the same time, uncertainty remains high, including with regard to the dynamics of the pandemic and the timing of vaccine roll-outs."
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.