Economics
ECB Seen Boosting Pandemic Response to Help Economy
- One in four economists expect crisis bond plan boost next week
- Bloomberg survey shows predictions ahead of Apr. 23 EU summit
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The European Central Bank will increase emergency bond-buying in the coming months to ramp up support for an economy that President Christine Lagarde sees shrinking as much as 15% this year, according to a Bloomberg survey of economists.
One in four respondents expect the ECB could boost the size of its pandemic purchase program as early as Thursday, when the Governing Council holds a scheduled policy meeting. Most see it happen by September.