The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak. The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak. The central bank for the 19 countries that use the euro decided Thursday to buy up to 120 billion euros ($132 billion) more in bonds this year. The money is newly created and injected into the financial system. It comes on top of purchases worth 20 billion euros a month it is already carrying out. The ECB is also providing additional cheap, long-term loans to banks to make sure they have the liquidity they need. And the ECB will temporarily ease some capital requirements for banks to help them keep lending. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.