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COVID-19: Monetary policy and the Irish economy

Author

Listed:
  • Holton, Sarah

    (Central Bank of Ireland)

  • Phelan, Gillian

    (Central Bank of Ireland)

  • Stuart, Rebecca

    (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.

Suggested Citation

  • Holton, Sarah & Phelan, Gillian & Stuart, Rebecca, 2020. "COVID-19: Monetary policy and the Irish economy," Economic Letters 02/EL/20, Central Bank of Ireland.
    • Handle: RePEc:cbi:ecolet:02/el/20
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    File URL: https://www.centralbank.ie/docs/default-source/publications/economic-letters/vol-2020-no-2-covid-19-monetary-policy-and-the-irish-economy-(holton-phelan-and-stuart).pdf?sfvrsn=4
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