ECB faces pushback against latest stimulus package
Plan to let banks borrow even more at negative rates ran into resistance and was downsized
14 January 2021 - 19:01
Frankfurt — European Central Bank chief economist Philip Lane faced pushback from fellow policymakers at the ECB’s latest meeting when he proposed fresh measures aimed at helping the euro zone through the coronavirus pandemic, the official account of the meeting showed on Thursday.
Facing a new recession amid widespread lockdowns, the ECB approved fresh bond purchases and subsidised loans to banks at its December 10 meeting, hoping to keep borrowing costs depressed until the bloc is ready to reopen...
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