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.
