<p>After a special meeting, BoE announces to cut Bank rate by -15bps to 0.10%. Also, Asset purchase target is raised by GBP 200B to GBP 645B. BoE will also enlarge the TFSME schedule  financed by the issuance of central bank reserves. BoE said in the statement: “Over recent days, and in common with a number […]

<p>San Francisco Fed President Mary Daly said in an interview that it’s “absolutely appropriate” to have Fed working with fiscal agents to help small businesses and households to “weather this near term shutdown” due to coronavirus. The fiscal stimulus from Congress and the response moves by Fed this week are 

<p>RBNZ announces a package of measures to support financial system functioning during the coronavirus pandemic. A Term Auction Facility is set up to give banks access to term funding, with collateralized loans available out to a term of 12 months. That should alleviate pressures in the funding markets. Other measures include funding in the f

<p>Italian Economy Minister Roberto Gualtieri urges EU to issue new bonds to help the member states fighting impact of the coronavirus. He told newspaper Il Corriere della Sera, “we should foresee the issue of European securities that can be used by each country under the same conditions and must be related to the fight against [&hellip

<p>ECB Governing Council Member Olli Rehn said that Eurozone is now at a “critical juncture” with the coronavirus pandemic. It is “essential for Eurozone governments to “get their acts together and agree to a coordinated European fiscal response.” “There’s a saying: never waste a crisis. Therefore it&

<p>Canada retail sales rose 0.4% to CAD 5.2B in January, slightly above expectation of 0.3% mom. Ex-auto sales, however, dropped -0.1% mom, versus expectation of 0.2% mom. Sales were up in only 4 of 11 subsectors, representing 48% of retail trade. Statistics Canada also noted: “While the impacts of the coronavirus on the retail trade [&

<p>Risk aversion continues to be the main theme in the markets today, on the back of global coronavirus pandemic and plunge in oil price. US trading is halted for 15 minutes after DOW tanks more than -1800 pts at open while S&#38;P 500 drops -7%.. The selloff triggered a key market circuit breaker which halts […]

<p>ECB’s massive EUR 750B Pandemic Emergency Purchase Programme announced overnight won praises from top European politicians. French President Emmanuel Macron said he gives “full support for the exceptional measures taken this evening by the ECB.” He added,”it is now up to us, the European states, to step up to the pl

<p>SNB kept sign deposit rate unchanged at -0.75% today. It noted that coronavirus is posing &#8220;exceptionally large challengers&#8221; for Switzerland, and the expansionary monetary policy is &#8220;more necessary than ever&#8221; for ensuring appropriate monetary conditions. The central bank is &#8220;intervening more

<p>SNB Chairman Thomas Jordan emphasized today key coronavirus measures “do not come from central banks”. Instead, they come from “medical measures and also from the fiscal side”. For the central bank, “we have to provide the financial system with enough liquidity to ensure the credit flow to the economy does not