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As infections rise, European Central Bank prepares stimulus

pandemic economy Government Infections
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FRANKFURT – The European Central Bank is expected to unleash another blast of stimulus on Thursday to help businesses bridge the gap until the economy recovers from the pandemic - and to support governments that are ramping up spending to cushion the blow as the winter wave of the virus worsens.The bank could add a half-trillion euros or more to its existing bond purchases.

That means the central bank will vacuum up much of the new debt being issued by hard-pressed governments, lowering the risk of a new eurozone debt crisis.If the pandemic purchases are expanded as expected, and combined with a previous bond purchase program amounting to 20 billion euros ($24 billion) per month, the ECB “will continue to absorb a very large part of gross.

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covid-19
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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