economic, news-header
European Central Bank takes its pandemic bond buying to 1.35 trillion euros to try to prop up economy
10
Jun
Jun
The central bank increased its crisis bond-buying program by 600 billion euros ($672 billion).
It also extended the scheme’s duration until June 2021, or until the bank believes the crisis is over.
Interest rates were maintained at their current levels, as expected.
However, the ECB updated its economic projections which came in significantly worse than in March.