ECB to reassure on cheap money as virus woes persist

ECB to reassure on cheap money as virus woes persist

The Malaysian Reserve-World·2021-04-22 15:04

FRANKFURT – Christine Lagarde is expected to stress the European Central Bank’s commitment to cheap money on Thursday as Europe’s biggest economies battle a surge in coronavirus infections that could slow the eurozone recovery.

After calming jittery markets last month by promising to “significantly” step up the pace of its pandemic emergency bond purchases, analysts say the ECB’s 25-member governing council is under no pressure to take fresh action.

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