European Central Bank
The European Central Bank announces new monetary stimulus, with a second round of quantitative easing "for as long as it deems necessary" and lowering its already-negative main deposit rate.
The United States House of Representatives votes 220–211 to pass the $1.9 trillion American Rescue Plan Act of 2021, which extends weekly jobless benefit payments of $300 until September, sends $1,400 checks to individuals, and funds other coronavirus relief programs for states and businesses. The stimulus bill will be sent to President Joe Biden for his signature.
Polish Prime Minister Mateusz Morawiecki proposes a €1 billion (US$1.2 billion) stabilization fund by the European Central Bank to revitalize the Belarusian economy amid the protests.
Latvian bank ABLV sues the European Central Bank in the Court of Justice of the European Union, saying the ECB triggered ABLV's collapse. The bank failed following allegations by the United States that ABLV was laundering money on behalf of North Korea.
The Bank of Italy says in a statement that the country's treasury will have to put up around 6.6 billion euros to rescue Monte dei Paschi given the European Central Bank's estimate of Monte dei Paschi's capital shortfall.
The new 20 euro note, the third in the Europa series, enters into circulation today. The European Central Bank says the banknote has a “refreshed look and more vibrant colours,” and includes a new kind of security feature: a “portrait window” near the top of the hologram stripe which becomes transparent when seen against the light.
The European Central Bank announces an aggressive money-creation program, printing more than one trillion new euros.
The president of the European Central Bank, Mario Draghi, says that the ECB is conscious of the dangers of too low a level of inflation and it has the weapons necessary to get back to the target rate.
A member of the governing council of the European Central Bank says that the ECB may yet cut interest rates still further, into negative territory.
An executive board member of the European Central Bank, Benoît Cœuré, says that the ECB is determined to secure the continued decline in real interest rates in the months ahead.
2012–2013 Cypriot financial crisis: A deal is reached between Cyprus and the EC–ECB–IMF troika. The terms of the €10 billion "bailout" package cause widespread anger among Cypriots who queue from early morning to withdraw their savings as it emerges that up to 10% of each citizen's deposits are to be wiped out to raise billions.