ECB keeps cheap money tap open as virus woes persist ...Qatar

Christine Lagarde yesterday underlined the European Central Bank’s commitment to cheap money as the eurozone was still tightly in the grip of a coronavirus pandemic that has left the region’s economic outlook shrouded in uncertainties. With the bloc deeply in need of support economically to mitigate the devastation wrought by the health crisis, the ECB chief said at the latest talks among governors the issue of winding down its 1.85tn ($2.2tn) pandemic emergency bond purchasing programme come up because it was “simply premature”. “There is a long way to go until we’ve crossed the bridge of the pandemic and the recovery is sustainable and solid,” said Lagarde. A vaccination campaign, current

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Last updated : 22 April 2021 clock 10:32 PM

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ECB keeps cheap money tap open as virus woes persist ...Qatar

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