Economics

ECB Wants Next Stimulus to Be Judged on Quality, Not Quantity

‘It’s not so much the overall number that matters,’ Lane says
Investors are used to bond purchases as stimulus centerpiece

European Central Bank President Christine Lagarde discusses the current economic landscape and the limits of monetary policy to prop up growth in a time of crisis. She speaks with Bloomberg’s Francine Lacqua during the Bloomberg New Economy Forum. (Source: Bloomberg)

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By Jana Randow and Piotr Skolimowski

November 18, 2020 at 5:00 AM UTC

This article is for subscribers only.

European Central Bank policy makers are trying to persuade investors not to focus too much on the size of their next dose of monetary stimulus, hoping they will instead look at its design.

President Christine Lagarde and colleagues have used a run of public comments to stress that December’s much-anticipated policy decision will aim to cement cheap money for the duration of the economic crisis, achieved through both asset purchases and more loans to banks.