Analysts say that the Japanese Yen as a safe haven asset could move lower on signs that global policymakers are prepared to proactively provide economic support. Analysts warn, however, that any confidence in the financial markets is still extremely fragile, and there is certain to be more turbulent days ahead […]
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Rate Cuts Won’t Aid UK Economy in the Short Run – 17 March 2020
The United Kingdom’s Office for Budget Responsibility, Charlie Bean said on Tuesday that he doesn’t think that a cash rate cut would aid Britain’s economy in the short run, instead, the government should focus on implementing credit measures. During a speech he gave to the British lawmakers in the parliament, […]
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Central Banks: Monetary Easing to Tackle Coronavirus – 17 March 2020
In an unprecedented step, global central banks, led by the US Federal Reserve, decided on Sunday to provide monetary incentives to the global economy by enhancing liquidity amid the collapse of global financial markets due to the spread of the Coronavirus, which raises fears of a global recession. The US […]
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Does Wall Street’s Decline Signal a Depression? – 17 March 2020
With millions of people of people forced to stay home around the world, mental depression has a good chance of sneaking its way into the global psyche. But is an economic depression on the way? Analysts have started to bounce around the D-word following dramatic declines on Wall Street and […]