G-7 Central Bank Bond Buying Near $1.4 Trillion in March

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G-7 Central Bank Bond Buying Near $1.4 Trillion in March

(Bloomberg) -- The coronavirus outbreak has pushed major central banks to take extreme steps to support growth and underpin financial stability. Across the Group of Seven, that’s included the return, or launch, of large-scale bond purchases: Net purchases for G-7 central banks were close to $1.4 trillion in March. That’s an extraordinary total, close to five times higher than the previous peak of $270 billion in April 2009, according to Bloomberg Economics.

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