Central banks pump more cash into the economy to fight recession

The Bank of England launched another burst of stimulus and the European Central Bank said lenders across the region had taken advantage of its record 1.3 trillion euro ($1.5 trillion) lending program, signs that central bank efforts to drive a recovery are not over yet.

Economic activity in Europe is tentatively recovering as governments gradually relax restrictions on work and daily life imposed across the continent to stem the spread of the coronavirus. But hopes of a quick rebound from the deep recession those policies triggered have faded, leaving the onus of repairing the region’s economies on central banks and treasuries.

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