ECB drops cap on debt purchases to boost virus response
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FRANKFURT (Reuters) - The European Central Bank has dropped a cap on how many bonds it can buy from any single euro zone country, clearing the way for potentially unlimited money-printing in response to the coronavirus outbreak.In a legal decision published overnight, the ECB said it would not apply self-imposed limits on a 750 billion euro (691.05 billion pounds) bond-purchase scheme aimed at fighting the economic and financial fallout from the epidemic.This paves the way for the ECB to hold..