FRANKFURT—The European Central Bank intends to scale up its support of the eurozone’s economy, seeking to cushion the region from the fallout of a new wave of coronavirus infections that threatens to knock back a currency area that was still recovering from spring lockdowns.
A day after Europe’s biggest economies, Germany and France, announced the toughest coronavirus restrictions since the spring, European Central Bank President Christine Lagarde said the bank intended to further expand its massive monetary stimulus in December.