ECB signals June stimulus ruling out swift recovery

Policymakers agreed at their meeting on April 30 that a “V-shaped recovery could probably already be ruled out at this stage.”

European Central Bank officials have given up on the idea of a swift economic rebound from the pandemic and are ready to add stimulus again next month if new information suggests existing efforts aren’t enough.

Policymakers agreed at their meeting on April 30 that a “V-shaped recovery could probably already be ruled out at this stage”,