Press "Enter" to skip to content

ECB emergency bond purchases to last while disruptions persist: Lane

One America News Network

November 22, 2020

FRANKFURT (Reuters) – The European Central Bank will continue its emergency bond purchases as long as the coronavirus pandemic continues to disrupt normal economic activity, ECB chief economist Philip Lane told French newspaper Les Echos in an interview.

The ECB earlier said the emergency purchase would last until least June 30 but already signalled that it would “recalibrate” this programme at the December meeting, a message taken to mean that the purchases would be expanded and extended.

Amnon Free Press:  Trump floats moving his Election Night party to the White House (Quint Forgey/Politico)

“We won’t terminate the programme until certain conditions have been met,” Les Echos quoted Lane as saying on Sunday. “First of all, the pandemic must no longer interrupt normal economic activity.”

Lane said that the current lockdown measures would “absolutely” lead to a drop in economic activity but the impact will be less severe than in the spring, when restrictions were more debilitating.

Amnon Free Press:  CNN anchor John King won the internet on Election Day

For a full text of the interview, click on:

(Reporting by Balazs Koranyi)

As reported by One America News Network. Continue reading this article at One America News Network

Amnon Free Press:  Edited Joe Biden video showing Biden saying wrong state removed

All news text, graphics, videos and multimedia content remain the copyrights of the credited original article publisher, in this case - One America News Network

Amnon Free Press is an American conservative news aggregator and publisher with a mission to publish the right news for the right American.

Contact Information: admin (at) amnonfreepress dot com