ECB increases its pandemic emergency programme by €500bn
The central bank has expanded its bond purchases and liquidity facilities and left interest rates unchanged
10 December 2020 - 16:51
Frankfurt — The European Central Bank (ECB) rolled out yet more stimulus measures on Thursday to lift the currency bloc out of a double-dip recession and provide support to the economy while its 350-million people wait for coronavirus vaccines to be deployed.
With many businesses shuttered, unemployment surging and debt hitting record highs, central bank cash has thrown governments and firms a lifeline this year, but much of 2021 will pass before significant relief is likely...
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