# ECB to print 1 trillion euro this year to stem coronavirus rout

> The European Central Bank launched a 750 billion euro emergency bond purchase scheme to counter the pandemic-driven financial rout. The move brings its planned purchases for 2020 to 1.1 trillion euro, and bond yields in peripheral euro zone countries such as Italy fell sharply. Global stocks kept falling after the announcement, while the euro held broadly steady.

- Date: 2020-03-19 · published 2020-03-19T12:00:00.000Z
- Category: macro · region Euro area · magnitude high
- Page: https://feedsoft.ai/events/54324-ecb-to-print-1-trillion-euro-this-year-to-stem-coronavirus-rout
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Large euro zone liquidity support can stabilise the currency and lower borrowing costs, which helps limit a broader demand shock for feed and food. For feed buyers, a steadier euro and a firmer dollar index can shift the cost of imported ingredients and export competitiveness, though the effect on grain prices is indirect.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-06-05 | [ECB coronavirus stimulus expected to continue as inflation remains low](https://feedsoft.ai/events/52844-ecb-coronavirus-stimulus-expected-to-continue-as-inflation-remains-low.md) | +0.5% | -0.8% |
| EURUSD | 2020-02-28 | [EUR/USD volatility jumps to one-year high, 10bps June ECB rate cut priced in — Octa](https://feedsoft.ai/events/54801-eur-usd-volatility-jumps-to-one-year-high-10bps-june-ecb-rate-cut-priced-in-octa.md) | +2.0% | +0.4% |
| EURUSD | 2020-09-08 | [ECB will struggle to rein in the euro, say investors](https://feedsoft.ai/events/51334-ecb-will-struggle-to-rein-in-the-euro-say-investors.md) | +0.5% | -0.3% |
| EURUSD | 2025-10-31 | [Eurozone inflation slows to 2.1%, yet Lagarde stays cautious \| Euronews](https://feedsoft.ai/events/22628-eurozone-inflation-slows-to-2-1-yet-lagarde-stays-cautious-euronews.md) | -0.2% | +0.5% |
| EURUSD | 2021-01-28 | [ECB despot rate cut isn't the way to counter Euro strength – IIF — Octa](https://feedsoft.ai/events/49381-ecb-despot-rate-cut-isn-t-the-way-to-counter-euro-strength-iif-octa.md) | -0.6% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/world/ecb-to-print-1-trillion-euro-this-year-to-stem-coronavirus-rout-idUSKBN21606O/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.