Placeholder Image

Subtitles section Play video

  • The European Central Bank left policy unchanged on Thursday, resisting pressure to unveil new stimulus measures, but it dropped the clearest hint yet or fresh action at its next policy meeting.

  • In a statement, the central bank said it stood ready to recalibrate its instruments.

  • This week's decision to hold fire came despite France and Germany facing new lockdowns.

  • The E C B also warned that the ongoing crisis poses major risks to growth, but for now it's in no hurry to act.

  • Having already lined up unprecedented firepower in the spring, bank chief Christine Lagarde set aside 1.35 trillion euros for bond purchases.

  • That's almost $1.6 trillion buying about 100 billion euros a month.

  • That has pushed borrowing costs to record lows.

  • Now the banks still has half of that cash to spare, giving it enough to keep markets calm.

  • Economists say the question is whether the CBI has to rethink its growth forecasts on ditz resulting strategy.

The European Central Bank left policy unchanged on Thursday, resisting pressure to unveil new stimulus measures, but it dropped the clearest hint yet or fresh action at its next policy meeting.

Subtitles and vocabulary

Operation of videos Adjust the video here to display the subtitles

B1 central bank bank hint stimulus growth policy

ECB drops big hint over future stimulus

  • 0 0
    林宜悉 posted on 2020/10/29
Video vocabulary