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Central banks to the rescue

  • 3 March 2020

The Federal Reserve has led the way with a 50bp cut to combat coronavirus fallout, and we've pencilled in two more 25bp cuts for 2Q. Will the constrained ECB now follow suit?  Australia and Malaysia have already slashed rates, and next up is the swift and decisive Bank of Canada. We think they won't disappoint either  

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The Fed cuts rates in emergency move
Quick take
3 March 2020

The Fed cuts rates in emergency move

The Fed cuts rates by 50 basis points. It signals it is prepared to do more should the coronovirus spread further. We expect a further 50bp of cuts by the…

US asset markets: What Fed cuts mean for US Treasuries and the dollar
FX Rates
2 March 2020

US asset markets: What Fed cuts mean for US Treasuries and the dollar

G7 Finance Ministers and central bankers hold a conference call on the impact of the coronavirus this Tuesday. We think this could ultimately lead to the…

Can the ECB deliver, and what are the implications for EUR markets?
FX Rates
3 March 2020

Can the ECB deliver, and what are the implications for EUR markets?

The European Central Bank is at an impasse having nearly exhausted its easing options. We see more downside to core rates regardless of ECB action, but we…

Australia's central bank cuts rates by a quarter point, says more possible
Quick take
FX Australia
3 March 2020

Australia's central bank cuts rates by a quarter point, says more possible

A 25 basis point rate cut takes the Reserve Bank of Australia's official cash rate to just 0.5%. One more quarter point cut would push the central…

Bank of Canada: We expect a cut this week
2 March 2020

Bank of Canada: We expect a cut this week

We look for a 25bp cut by the BoC this week as coronavirus worries increasingly weigh on the economic outlook. This should translate into more Canadian…

US market rates bracing for 1%
Rates
25 February 2020

US market rates bracing for 1%

Equity markets have swapped their spectacles for bond market ones and are finally seeing some angst down the line. That has helped bond yields push…

Central banks talking a good game
3 March 2020

Central banks talking a good game

Markets are taking heart from central bank comments, but nothing has actually been done yet, and the new case count for Covid-19 is accelerating. This…

US Fed US Treasury yields RBA rate decision RBA Monetary Policy Federal Reserve ECB Dollar Covid 19 Coronavirus Cash rate Canadian dollar BNM Bank of Canada Australian economy

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