Economics
ECB Keeps Stimulus Steady as Economy Grapples With Longer Curbs
- Central bank leaves asset purchases, interest rates unchanged
- President Lagarde to brief media at 2:30 p.m. in Frankfurt
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The European Central Bank kept its monetary support for the coronavirus-stricken economy unchanged, betting that its recently scaled-up stimulus package is powerful enough to soften the impact of extended lockdowns.
President Christine Lagarde and her colleagues held the pandemic bond-buying program at 1.85 trillion euros ($2.25 trillion), after a 500 billion-euro boost last month, and reiterated that it will run until at least March 2022.