Brussels — The European Central Bank (ECB) intensified its response to the coronavirus recession with a bigger-than-expected increase to its emergency bond-buying programme.
At a virtual meeting on Thursday, president Christine Lagarde and colleagues decided to expand the amount of purchases by €600bn and extended their duration until at least the end of June 2021. The majority of economists surveyed by Bloomberg last week expected policymakers to boost buying by €500bn...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.