FRANKFURT The European Central Bank committed on Thursday to take new action in December to contain the growing fallout from a second wave of coronavirus infections, likely in the form of more bond purchases or cheap credit for banks. | Video
FRANKFURT The European Central Bank is expected to resist pressure to unveil fresh stimulus measures on Thursday but it will likely pave the way for action in December as fresh restrictions aimed at containing the coronavirus pandemic fuel fears over a new recession.
FRANKFURT Since taking the helm a year ago, Christine Lagarde has turned the European Central Bank's attention to social issues like climate change and inequality, broadening its horizons but also opening it to attacks that could test its independence.
FRANKFURT The European Central Bank should follow the U.S. Federal Reserve in putting more emphasis on welfare when it's setting policy, even if that would mean inflation exceeded its target temporarily, ECB Governing Council member Olli Rehn said.
FRANKFURT There is reluctance among European Central Bank policymakers to follow the U.S. Federal Reserve's move to target an average inflation rate, fearing this could tie their hands, sources involved in a revamp of ECB policy told Reuters.
Top U.S. and European central bankers on Tuesday called for renewed government spending to support families and businesses as the battle against the coronavirus-triggered recession enters a newly critical phase.
FRANKFURT European Central Bank President Christine Lagarde set the scene on Wednesday for a change of strategy that could align the ECB with the U.S. Federal Reserve, possibly including a commitment to let inflation overshoot after it has been low for too long.
A record surge of coronavirus cases in the United States pushed hospitals closer to the brink of capacity and drove the number of infections reported on Friday to an ominous new daily world record of 100,000, four days before the U.S. presidential election.