Economics

ECB to Judge If Trillion-Euro Stimulus Is Enough: Decision Guide

  • Some expect increase in 750 billion-euro purchase plan today
  • Lagarde set to assure investors ECB will do whatever is needed
Cranes stand in front of the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Wednesday, April 29, 2020. The ECB's response to the coronavirus has calmed markets while setting it on a path that could test its commitment to the mission to keep prices stable.Photographer: Alex Kraus/Bloomberg
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The European Central Bank will decide on Thursday if more than 1 trillion euros ($1.1 trillion) in asset purchases and a generous lending plan are enough to keep companies and households afloat during an historic slump.

Most economists predict the Governing Council will pause after a series of actions to support the economy since its last official meeting, to see whether governments can agree on comprehensive fiscal support. A minority including Goldman Sachs though expect a bump up in monetary stimulus immediately.