Economics
ECB Six-Week Countdown to Stimulus Action Has Banks Guessing
- President Lagarde says nothing ruled out for December meeting
- Bond-buying, bank loans and surprises likely, rate cut less so
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The European Central Bank’s exceptionally clear pledge to come up with a new package of monetary stimulus at its next policy meeting has given markets plenty to think about.
President Christine Lagarde was forthright last week in saying her institution will provide all the support needed for a euro-area economy that is again shutting down under the onslaught of the coronavirus.