FRANKFURT—The European Central Bank sent a strong signal that it could scale up its monetary stimulus in December, a move aimed at cushioning the economic shock from a new series of lockdowns to contain a resurgence of coronavirus infections in Europe.

The ECB warned Thursday of clear risks to the eurozone economy and said it would “recalibrate its instruments, as appropriate, to respond to the unfolding situation” at its December policy meeting.

With…

This post first appeared on wsj.com

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