Coronavirus
ECB likely to shy away from rate cut, analysts say
Central bank expected to unveil targeted measures to support banks and SMEs
Coronavirus policy responses raise financial stability threat – IMF official
Policy-makers must be alert to threat of rapid liquidation of risky assets, Tobias Adrian says
Iceland cuts rates to 2.25%
Rate cut and changes to reserve requirements designed to offset virus shock
Riksbank to focus on liquidity against Covid-19
Governor Ingves says a rate cut is not the most important measure now
IMF’s Gopinath advises central banks on cocktail of measures to fight virus
IMF chief economist says central banks should stand ready to provide liquidity
Fed ramps up Covid-19 response
Central bank in “firefighting mode”, undoing repo tapering and offering regulatory relief to banks
Covid-19 unleashes major market shock
Oil prices tumble, dragging down stock markets worldwide; sovereign bonds rally
Coronavirus could require expanded QE powers – Rosengren
Congress should grant Fed ability to buy wider set of assets under severe scenario, Rosengren says
Riksbank deputy tests positive for coronavirus
Riksbank’s deputy governor appears to have contracted the virus while on holiday
Carney sets out ‘grand unifying theory’ of macro-pru
Loss function for financial stability echoes format of Taylor rule, but requires much more judgement; speech is Carney’s last as BoE governor
Fed action likely to affect policy plans in Brazil and Mexico
In spite of weaker currencies, both countries may require lower rates to tackle weaker growth and higher rate differentials
OECD supports swap line use in Covid-19 response
Adequate liquidity must be provided to prevent bankruptcy should cashflow issues arise – report
Bank of Thailand relaxes forex regulation amid virus shock
Thai central bank is expected to ease monetary policy again to boost economy after slashing rates to record low in February
Andrew Bailey approved as Bank of England governor
Treasury Committee “satisfied” after grilling the outgoing FCA chief
IMF makes $50 billion available to fight coronavirus
Kristalina Georgieva calls on IMF members to “fully recharge” catastrophe fund
UK regulators checking firms’ virus contingency plans
Firms can use alternative sites or let staff work from home so long as regulatory obligations are met
Andrew Bailey defends record in parliamentary grilling
Prospective BoE governor says he faced a “huge task” in “rebuilding” the FCA, though he admits he is “not proud” of some things that happened during his tenure
Bank of Canada follows Fed with coronavirus rate cut
It is “becoming clear” virus will impact growth more than previously expected, central bank says
What can the ECB do now?
Central bank is facing coronavirus shock with limited room for further policy measures
How could the coronavirus affect the world economy?
Central banks may lack firepower, while public health readiness differs sharply between countries
Riksbank’s Breman says coronavirus does not demand looser policy yet
Swedish central bank abandoned negative rates in December; inflation declined sharply in January
IMF-World Bank spring meetings to go virtual
Institutions opt not to bring thousands of delegates to Washington, DC, but key meetings and document releases will go ahead
Fed makes surprise rate cut
Move against coronavirus marks largest rate change since the 2008 financial crisis
G7 leaders avoid committing to co-ordinated virus response
Central bankers and finance ministers “stand ready”; Carney says BoE has launched contingency measures