ECB ready to reload as 'unprecedented' slump hits

Frankfurt am Main (AFP) – With the coronavirus pandemic set to inflict an “unprecedented” peacetime slump on the eurozone economy, European Central Bank chief Christine Lagarde said Thursday the institution’s trillion-euro response could be expanded and prolonged into 2021.The ECB’s Pandemic Emergency Purchase Programme (PEPP), launched last month, “might be extended further than the end of 2020” depending on “the length of the crisis”, Lagarde told reporters in a telephone press conference.The former IMF chief and French finance minister also reiterated her longstanding plea for governments t…

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HEDGE accordingly