# European Central Bank deploys stimulus to ease virus damage | AP News

> The European Central Bank announced new stimulus to ease the damage from the virus outbreak. Financial markets kept sliding afterward, with the Stoxx Europe 600 index falling 11.5% in its worst day on record. Global concern grew that authorities could do little to ease the damage.

- Date: 2020-03-12 · published 2020-03-12T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/54327-european-central-bank-deploys-stimulus-to-ease-virus-damage-ap-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A sharp equity sell-off and fears of limited policy room point to weaker demand expectations and tighter financing for feed and livestock supply chains. This risk-off mood tends to pressure commodity prices broadly.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-12-08 | [European Central Bank adds half a trillion euros in stimulus \| iNFOnews.ca](https://feedsoft.ai/events/73666-european-central-bank-adds-half-a-trillion-euros-in-stimulus-infonews-ca.md) | -0.9% | -1.8% |
| EURUSD | 2022-12-15 | [European Central Bank slows rate hikes but vows more ahead \| AP News](https://feedsoft.ai/events/38437-european-central-bank-slows-rate-hikes-but-vows-more-ahead-ap-news.md) | -0.5% | +1.5% |
| EURUSD | 2018-07-26 | [European Central Bank says rates will remain low for months \| AP News](https://feedsoft.ai/events/64242-european-central-bank-says-rates-will-remain-low-for-months-ap-news.md) | -0.1% | -0.7% |
| EURUSD | 2019-09-12 | [European Central Bank cuts interest rates to record low - ABC News](https://feedsoft.ai/events/57284-european-central-bank-cuts-interest-rates-to-record-low-abc-news.md) | +0.5% | -0.2% |
| EURUSD | 2022-07-21 | [Europe's central bank backs larger-than-expected rate hike \| AP News](https://feedsoft.ai/events/40711-europe-s-central-bank-backs-larger-than-expected-rate-hike-ap-news.md) | -1.1% | -0.5% |

## Sources

- apnews.com: https://apnews.com/article/virus-outbreak-financial-markets-christine-lagarde-monetary-policy-germany-ac9f325b392a31771688d2d388c9f7ee

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