It will mostly consist of grants and be tied to common budget for member nations
EU leaders are expected to endorse a financial aid package worth 540 billion euros
ESMA also said financial firms should be ready to enact business continuity plans
Some economists doubt how much good more stimulus will do
Finding opportunities amid Brexit uncertainty
The central bank announced new stimulus on Thursday
The bank forecasts economic growth of 1.3%—assuming the U.K. leaves the EU with a deal
EU says it won’t reopen negotiations with the U.K.
The central bank also indicated it's considering a new round of bond-buying stimulus
Projections include 2.6% growth in U.S., 1.5% growth in Canada