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Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

It will mostly consist of grants and be tied to common budget for member nations

Flag of the European Community in front of the Eurotower in Frankfurt am Main

EU leaders are expected to endorse a financial aid package worth 540 billion euros

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

ESMA also said financial firms should be ready to enact business continuity plans

two flags of usa and European Union on a sky background

Some economists doubt how much good more stimulus will do

Financial District of London and the Tower Bridge

Finding opportunities amid Brexit uncertainty

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

The central bank announced new stimulus on Thursday

Brexit Uk and Euro flag rift

The bank forecasts economic growth of 1.3%—assuming the U.K. leaves the EU with a deal

union jack national flag of the united kingdom (uk)

EU says it won’t reopen negotiations with the U.K.

EU flags waving in front of European Parliament building. Brussels, Belgium

The central bank also indicated it's considering a new round of bond-buying stimulus

Shining world map

Projections include 2.6% growth in U.S., 1.5% growth in Canada