Global Analysis from the European Perspective. Preparing for the world of tomorrow

ECB boosts bond-buying stimulus package by €600bn

The European Central Bank will buy an extra €600bn of bonds in a bid to revive the eurozone’s pandemic-stricken economy, it announced on Thursday, while slashing its forecasts for growth and inflation.

ECB president Christine Lagarde said the region was “experiencing an unprecedented contraction”, adding that “severe job and income losses and exceptionally elevated uncertainty” had led to a “significant fall” in both consumer spending and investment. Source FT Blog

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