ECB to Be Cautions with Expanding Bond Buying

The European Central Bank (ECB) is expected not to expand emergency stimulus despite the increasing number of Coronavirus (COVID-19) cases, which is set to lead to renewed lockdowns.

Nonetheless, the ECB is not expected to expand its bond purchases this month, according to a recent report by Bloomberg.

It is expected that the ECB will exceed its EUR 1.35 trillion ($1.6 trillion) emergency purchase program before the end of 2020.