Categories: BusinessGlobal

European Central Bank President Lagarde Hints at $590m Stimulus Package

The president of the European Central Bank hinted that the institution would continue its strategy of easing its monetary policy and support the market with another stimulus package.

[bc_video video_id=”6210953805001″ account_id=”6116119081001″ player_id=”CJdhmO46zo” embed=”in-page” padding_top=”56%” autoplay=”autoplay” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ]

Speaking during a video-conference at the European Parliament on Thursday, Christine Lagarde said that the “government council will recalibrate its instruments as appropriate.”Lagarde continued to laud the PEPP (Pandemic Emergency Purchase Programme) and TLTRO (Targeted Long Term Refinancing Operations) schemes as “effective”.

The ECB President stressed the importance to continue these financing measures for “as long as needed” to “keep credit flowing” during the ongoing coronavirus pandemic.

A new 500-billion-euro (around $590 bn) stimulus package is expected in December.

AP

Follow us on:

AriseNews

Recent Posts

Search for Missing Persons Continues After Deadly Valencia Floods

Barcelona faces severe flooding as search and rescue efforts continue.

8 mins ago

Peter Obi Says He Will Turn Night Vigils To Night Shifts + Minors Face Death Sentence – Trending With Ojy Okpe

https://www.youtube.com/watch?v=G8c8PG-x1gg The music producer and composer, Quincy Jones, who worked with Music Legends, including, the…

11 mins ago

Prince William Arrives In South Africa For Earthshot Prize And Wildlife Summit

Prince William visits South Africa for Earthshot Prize, aiming to spotlight climate innovation and support…

42 mins ago

Chad’s President Threatens To Exit Regional Security Force, Citing Ineffectiveness Against Insurgents

Chad's President is considering exiting MNJTF, a regional security force, citing lack of cooperation against…

50 mins ago

Abuja Court Issues Arrest Warrant for Dana Air MD Hathiramani Ranesh over Absence at Fraud Trial

A Federal High Court in Abuja has ordered the arrest of Dana Air MD Hathiramani…

55 mins ago

Equatorial Guinea Anti-Graft Chief Embroiled in Major Sex Scandal, Over 400 Tapes Found Involving Top Officials’ Families

A High-ranking Equatorial Guinean official is facing a major sex scandal with 400 explicit sex…

1 hour ago