Economics
ECB Plans More Stimulus as Infections Surge, Schnabel Says
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More monetary stimulus from the European Central Bank is needed to support the economy amid a fresh wave of coronavirus infections, Executive Board member Isabel Schnabel said.
“In light of the second wave of Covid-19 infections and renewed lockdowns, further monetary policy support is required to safeguard favorable financial conditions and underpin economic activity in the face of a deteriorating growth outlook,” Schnabel said in a speech published on Wednesday.