ECB hints at more stimulus as COVID-19 hits eurozone economy - Business Insider

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ECB leaves rates unchanged but signals more stimulus may come in December as COVID-19 rips into the economy

European Central Bank President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting of the Governing Council, in FrankfurtECB left eurozone rates unchanged, but signaled it could provide extra support for the economy in December.

The ECB left rates unchanged at 0.0%, as forecast, and said it would keep its existing asset purchase program at €1.35 trillion euros. ECB President Christine Lagarde said at a press conference following the decision the momentum in the eurozone economy was deteriorating faster than expected and the central bank would not hesitate to act.

 

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