COVID-19: Monetary policy and the Irish economy

Sarah Holton, Gillian Phelan and Rebecca Stuart
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Sarah Holton: Central Bank of Ireland
Gillian Phelan: Central Bank of Ireland

No 02/EL/20, Economic Letters from Central Bank of Ireland

Abstract: Policy makers and governments across the world are taking exceptional measures against the ongoing health and economic crisis resulting from the spread of COVID-19. The Central Bank has taken action within all aspects of its mandate, including through participation in monetary policy decision-making in the Eurosystem. This Letter describes the monetary policy actions taken to combat the crisis, in particular liquidity policies and asset purchases, and outlines what these measures mean for Ireland.

Date: 2020-04
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