Wilkins is Bank of Canada Senior Deputy Governor Appearing with Gov Poloz. Her comments on the quantitative easing program. Poloz: – economy should begin restarting before Q3 See here for global coronavirus case data
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BoC's Poloz – Bank would have cut interest rates anyway due to oil shock
Earlier: BOC Gov Poloz reaffirms substantial monetary stimulus is needed More now – Poloz says the Bank of Canada would have cut rates by at least 100bps even without the coronavirus impacts, due to the oil price shock
BOC Gov Poloz reaffirms substantial monetary stimulus is needed
Bank of Canada Governor Poloz statement to parliament – Says substantial monetary stimulus is needed to assist with pos-lockdown economic recovery – ready to do more if market conditions warrant it
Feds Harker on CNBC: Never faced a situation like this before
Speaking on CNBC – Unprecedented shock to the system – Many jobs will come back but slowly – Never faced a situation like this before – unprecedented shock has caused a lot of dislocation to the economy See here for global coronavirus case data
Fed's Bullard: Expects lockdown to have a severe economic impact
Fed's Bullard speaks virtually Bullard covers all the bases from a depression to a V-shaped recovery.. See here for global coronavirus case data
Fed's Barkin: Reopening of economy cannot wait for his 0 infection rate
Richmond Fed Barkin speaking to North Carolina chamber of commerce in a Zoom meeting Meanwhile Fed's Barkin is also speaking to North Carolina chamber and says:
Fed's Williams: US economy under distress from coronavirus
New York Fed Gov. and voting member Fed Williams speaking Answers questions: See here for global coronavirus case data
Fed's Kaplan: Sees peak unemployment in mid to high teens
Fed's Kaplan on Bloomberg TV Fed's Kaplan on Bloomberg TV says: Fed's Kaplan is the president of the Dallas Fed. As a result he is on the pulse of the oil market and the impact on his Federal Reserve district. WTI crude oil is trading down $0.21 at $19.66. The low price reached $19.59. The […]
ECB allows lower capital requirements for market risk
Actions by ECB – ECB allows lower capital requirements for market risk – Move aims to maintain market making activities and market liquidity – ECB to review decision after 6 months ForexLive
Fed's Bostic: Expects Congress to act quickly to replenish SBL program
Atlanta Fed's Bostic speaking with report is via a conference call ForexLive