More stimulus for Europe as ECB adds €500 billion to

More stimulus for Europe as ECB adds €500 billion to €1.35 trillion package, extending it into 2022


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More stimulus for Europe as ECB adds €500 billion to €1.35 trillion package, extending it into 2022
It comes against the backdrop of gloomy economic forecasts.
By Ian Curran
Thursday 10 Dec 2020, 12:48 PM
Dec 10th 2020, 12:48 PM
8,847 Views
18 Comments
The European Central Bank's Frankfurt HQ
Image: Michael Probst
Image: Michael Probst
THE EUROPEAN CENTRAL Bank has increased its €1.35 trillion emergency bond-buying programme by €500 billion and extended it into March 2022.
The move was announced this afternoon following a meeting of the ECB’s governing council in Frankfurt. 
The central bank also decided to keep interest rates unchanged at historically low levels and to keep providing cheap cash to European banks through its targeted longer-term refinancing operations (TLTROs).

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