Business leaders and experts spoke about the future of globalization at the World Economic Forum in Davos, Switzerland, on Monday, as the global economy continued to be disrupted by the COVID-19 pandemic, rising oil prices and the Russia-Ukraine conflict.
Friday, 11 Dec 2020 04:26 PM MYT
Governor of the Bank of France Francois Villeroy de Galhau speaks at the Bretton Woods: 75 years later conference in Paris, France July 16, 2019. Reuters pic
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PARIS, Dec 11 The European Central Bank is targeting favourable financing conditions rather than pumping a given amount of liquidity into the economy with its latest stimulus decision, ECB policymaker Francois Villeroy de Galhau said today.
The ECB said yesterday it was increasing the overall size of its Pandemic Emergency Purchase Programme (PEPP) by €500 billion (RM2.4 trillion) to €1.85 trillion. It extended the scheme by nine months to March 2022.