ECB to scale up bond purchases.

BANKING AND CREDIT NEWS-May 18, 2020--ECB to scale up bond purchases

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Global Banking News - 18 May 2020

A team of economists surveyed by Reuters has said that the European Central Bank is to enhance bond purchases next month.

A recession that is expected to be the worst on record will prompt the central bank to ramp up its bond purchases. It is feared that the Coronavirus pandemic, which has killed nearly 300,000 people globally, could have a second impact as governments are easing lockdown restrictions.

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