Program remains unchanged despite economic slowdown
A winter surge of Covid-19 cases suggests EU economic output will fall again in Q1
Announcement comes as Covid-19 related shutdowns hurt pre-Christmas sales revenue
The bank could add a half-trillion euros to its existing bond purchases
U.S. Congress "may have to do more" to soften the economic damage of the pandemic, says Fed chair
Economist warns recovery could “grind to a halt in the fourth quarter”
By turning to shared debt and spending, the EU is taking a different approach
The central bank says it expects the eurozone economy will contract by 8.7% this year
The central bank is buying an extra $132 billion in bonds
The Dow Jones was down more than 900 points early Monday afternoon