A Reuters poll of economic forecasters finds that they are more worried about deflation across the Eurozone than is the ECB.
The European Central Bank expands its Pandemic Emergency Purchase Programme by €500 billion to €1.85 trillion and extends the scheme to March 2022, saying it expects "a more pronounced near-term impact of the pandemic on the Eurozone economy and a more protracted weakness in inflation than previously envisaged".
Reuters reports that an uneasy peace returned by the afternoon. There do not appear to be any immediate attempts by the opposition to take power through force, and there are no reports of defections from the armed forces leadership.
Reuters reports that Russian private military contractors belonging to the Wagner Group have flown into Venezuela to help guard President Nicolás Maduro, and that Russia supports Maduro's disputed government.
The European Central Bank has watered down standards for an ongoing review of Europe's banks, waiving deadlines and some data requests, according to a Reuters report based on "sources familiar with the process."
Eurozone interest rates are raised to 1.25 per cent from the record low of 1 per cent by the European Central Bank (ECB) amid concerns this could cause problems for countries such as Portugal and the Republic of Ireland.