18/01/21
The headquarters of European Central Bank (ECB) in Frankfurt
LONDON (Reuters) – The European Central Bank will this week face more questions about an increasingly challenging outlook only a month after it unleashed fresh stimulus to bolster the euro zone economy.
Policymakers boosted emergency bond buys by 500 billion euros ($607 bln) in December. But resurgent COVID-19 cases, new restrictions on activity in countries including Germany and France.
“At this point in time, the ECB still finds itself a little bit with its back against the wall,” said Althea Spinozzi, fixed income strategist at Saxo Bank Group. “There’s no alternative but to keep supporting the economy until an end to downside risks are clear.”
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ukgovernmentwatch 