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European Central Bank unveils new help for economy

European Central Financial institution unveils new assist for economic system

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3 comments

  1. Germany: *Look, our budget is balanced!*

    ECB: …

  2. This is the best tl;dr I could make, [original](https://www.apnews.com/abb7a9ab834b4e358df8f9a4232ae9f8) reduced by 86%. (I’m a bot)
    *****
    > The decision comes as central banks around the world including the U.S. Federal Reserve lower rates to support slowing trade and growth, despite nagging questions over how much good central banks can do when rates are already ultra-low.

    > The central bank furthermore extended its promise to keep rates at record lows until inflation goes back up to its goal of just under 2%. At last count, it was just 1%.The ECB has joined the Fed and other central banks in making credit cheaper to help the economy.

    > The bank ended a previous bond purchase stimulus only in December after purchasing 2.6 trillion euros in financial assets from banks.

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/d37k1v/european_central_bank_unveils_new_help_for_economy/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~427023 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **Bank**^#1 **rate**^#2 **stimulus**^#3 **policy**^#4 **bond**^#5

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