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ECB Seen Preparing More Aid as Virus Spread Derails Economy

  • Lagarde to take no action on Thursday, but signal it’s coming
  • Survey suggests 500 billion-euro bond-buying boost in December
ECB Frankfurt
Photographer: Alex Kraus/Bloomberg
Updated on

Surging coronavirus infections and renewed lockdowns will prompt the European Central Bank to step up monetary stimulus later this year, according to economists surveyed by Bloomberg.

Respondents predict 500 billion euros ($590 billion) will be added to the 1.35 trillion-euro pandemic bond-buying program, with most anticipating action in December. The Governing Council will probably keep policy unchanged when it meets on Thursday to discuss the economic damage, though some analysts expect President Christine Lagarde to signal that more support is on the way.