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Stock impact report

ECB prepares more aid for virus-stricken euro zone [Reuters]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Reuters
ECB prepares more aid for virus-stricken euro zone * Big policy move almost certain in June or July * Increase in emergency bond buys most likely * Likely to debate buying junk debt * Rate cut unlikely By Balazs Koranyi and Francesco Canepa FRANKFURT, June 4 (Reuters) - The European Central Bank is certain to give the ailing euro zone economy another shot in the arm and the only question is the timing, with arguments split between a move on Thursday and holding out until July. As a coronavirus-induced recession runs deeper and longer than expected, governments are running record deficits to cushion the impact, putting a greater burden on the ECB to soak up this new debt and keep borrowing costs manageable. The ECB has made it clear it will do its part and the severity of the recession argues for earlier action. But a still-elusive political deal on European Union-wide fiscal support strengthens the case for patience. “Arguments for and against scaling up the stimulus are finely balanc Show less Read more
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