June 29, 2020 / 10:18 AM / 5 days ago

Germany can't accurately forecast 2020 refinancing volume: agency

BERLIN (Reuters) - Germany cannot accurately forecast its 2020 refinancing volume due to high uncertainty related to the coronavirus pandemic, the head of the country’s finance agency said in a call on Monday.

The agency earlier announced plans to raise the debt issued in the third quarter to 146 billion euros ($164 billion) from an initially planned 56.5 billion euros to help finance the cost of government programmes tackling the impact of the pandemic.

Reporting by Reinhard Becker; writing by Thomas Seythal; Editing by Catherine Evans

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