The European Central Bank meets on Thursday with investors hoping that policymakers will deliver yet more stimulus for an economy ravaged by the coronavirus pandemic.
FILE PHOTO: The headquarter of the European Central Bank is photographed during sunset, as the spread of the coronavirus disease continues in Frankfurt, Germany, April 28, 2020. REUTERS/Kai Pfaffenbach/File Photo
But for many economists the case for more immediate ECB stimulus is compelling — the euro zone economy contracted at a record rate in the first quarter with an even worse performance anticipated in the second.1. By how much could the ECB expand asset purchases? Many economists nevertheless expect the 750 billion Pandemic Emergency Purchase Programme to rise by 500 billion euros. ABN Amro thinks it will double in size.
The plan still requires unanimous support from EU members and is unlikely to delay more policy action now, economists say.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five charts that track the U.S. economy as states reopenAs states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history.
Read more »
Five-star Bayern thrash Fortuna to close in on league titleBayern Munich striker Robert Lewandowski ended a personal jinx when he opened his account against Fortuna Duesseldorf by scoring twice in a 5-0 win on Saturday as the holders moved closer to a record-extending 30th Bundesliga title.
Read more »
Inside Katie Price's birthday as all five kids join her for party games and cakeKatie Price and her five kids Harvey, 18, Junior, 14, Princess, 12, Jett, six, and five-year-old Bunny got together to celebrate her 42nd birthday next week
Read more »
Elon Musk Grabbed Five Guys Burger After SpaceX Launch PostponementElon Musk worked up an appetite despite his first SpaceX launch attempt getting delayed, and grabbed some Five Guys.
Read more »
How to finally start an online business that can bring in as much as 6 figures per yearMarketing expert and coach Amy Porterfield says there is no better time to start an online business. Here are her top five tips.
Read more »
Italy's Del Vecchio asks ECB permission to increase his Mediobanca stake to up to 20%: sourceItalian billionaire Leonardo Del Vecchio has asked the European Central Bank for permission to increase his stake in Mediobanca to up to 20%, a source said on Sunday confirming a press report.
Read more »