Economics
ECB Told to Be Bold With More Cash for Recovery: Decision Guide
- Governing Council seen adding 500 billion euros to bond buying
- President Lagarde to brief reporters after policy decision
The European Central Bank headquarters stands in Frankfurt, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The European Central Bank will decide on Thursday whether its already massive monetary stimulus needs to be boosted even more to help haul the region out of its deepest recession in living memory.
With President Christine Lagarde warning that the ECB’s worst-case predictions for the economy are likely to pan out, most economists expect policy makers to increase their 750 billion-euro ($842 billion) Pandemic Emergency Purchase Program and extend it beyond the end of this year.