The European Central Bank announced that it will pump yet more liquidity into the financial system.

The ECB announced that its governing council decided at its meeting yesterday to conduct supplementary longer‑term refinancing operations with a maturity of six months, and further supplementary LTROs with a
three month maturity. The regular monthly LTROs remain unaffected.

These supplementary three-month and six-month LTROs are aimed at
supporting the normalisation of the functioning of the euro money
market, the ECB said.

The first six-month refinancing for 25 billion euros will be allocated on April 2. Another 25 billion euros six-month operation will occur in July. The new supplementary three-month LTROs will be for 50 billion euros each, and are scheduled for May 21 and June 11.