The move is likely to reassure regulators, who worried that Sewing had too much on his plate, potentially leaving the investment bank open to operational hazards
The bloc's fiscal support is also modest compared to the $1.9 trillion relief package approved by the United States Congress
Germany's 10-year yield, the benchmark for the region, extended its fall after the decision
The European Central Bank said Thursday it will step up its bond-buying stimulus in the coming months
The rapidly escalating attack came months after the SolarWinds Corp. breaches by suspected Russian cyberattackers
While policy makers welcome a modest rise in bond yields as a signal of confidence in the economic outlook, they worry an unchecked jump would undercut recoveries
Skepticism is high about "Retail Direct" because previous attempts at bringing public debt to the masses haven't gone anywhere
Unlike those privatisations, the current expansion isn't matched by a coherent vision beyond fighting the coronavirus crisis, an omission that is straining the governing coalition.
The bank could add a half-trillion euros or more to its existing bond purchases.
Without aggressive fiscal stimulus now, economies may develop deep scars that hobble growth over the longer term. That could then leave central banks unable to prepare for the next shock or recession
Lagarde said inflation in the 19-country bloc was now likely to remain negative for longer than expected as a second wave of the COVID-19 outbreak forces new restrictions on economic activity.
Lagarde said ECB staff were already working on "all instruments"
A second wave of the coronavirus pandemic risks delaying the euro zone's economic recovery, European Central Bank President Christine Lagarde said on Tuesday
In trying to increase by a fairly random amount an index of prices that they largely can't control, central banks couldn't have done much more harm
With consumers increasingly using cashless ways to buy things, the European Central Bank on Friday took a step closer to issuing a digital version of the euro currency shared by 19 countries
The euro belongs to Europeans and our mission is to be its guardian, said Christine Lagarde, ECB President.
The ECB is widely expected to follow in the footsteps of the Fed, which said last month it would aim for inflation of 2% on average
Starting with the Fed, the West's central bankers are descending into a dangerous spiral of overconfidence. RBI has no such room for error
Banks will be temporarily allowed to tweak the math behind a financial strength metric known as the leverage ratio to their benefit by stripping out deposits held at central banks, the ECB said
Lagarde's cautious remarks on Thursday, when the central bank kept its stimulus settings on hold, failed to stop the currency's gain