By Reuters Staff
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FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
WASHINGTON (Reuters) - The Federal Reserve announced Monday it was extending by three months to June 30 an emergency liquidity facility meant to help lenders extend relief to small businesses under the Paycheck Protection Program.
In a statement, the Fed said three other emergency facilities the Commercial Paper Funding Facility, the Money Market Mutual Fund Liquidity Facility, and the Primary Dealer Credit Facility would expire as scheduled on March 31, saying they had not seen “significant usage” in months.
Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against those bets for now, pointing to still high unemployment, analysts say.
Greece plans to lift COVID-19 restrictions in the retail sector and open schools before the end of March and begin to re-open the tourism sector in May ahead of the vital summer season, a government spokeswoman said on Monday.
Canada on Monday unveiled an all-woman task force to ensure that its upcoming budget, set to include billions in post-pandemic stimulus spending, includes measures to get women working and address gender inequality.
Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds ECB bond purchases, updates prices)
LONDON, March 8 (Reuters) - Euro zone bond yields ticked up on Monday amid upward pressure from rising U.S. borrowing costs and as data showed the European Central Bank slowed the pace of weekly bond purchases ahead of a meeting on Thursday.
Expectations had been for the central bank to step up the pace of bond buying in its pandemic emergency purchase programme (PEPP) to contain rising bond yields.
It emerged however that it bought only 11.9 billion euros worth of bonds, slightly less than in the previous week.