Coronavirus
Ukraine central bank cuts policy rate sharply
NBU says failure to agree IMF deal is main risk, as bank administrators sue oligarch
Fed to expand paycheck liquidity facility after criticism
Some observers say Paycheck Protection Program not reaching most affected firms
Economic impact of Covid-19 to last until at least 2021
Difficult to predict how control measures will impact economy, epidemiologist says
ECB changes collateral rules in effort to shield bank funding
Assets below investment grade will be accepted by ECB as collateral until September 2021
Swiss central bank reports record quarterly losses
SNB loses $39.1 billion as falls in equities wipe out gains on Swiss franc positions and gold holdings
Pandemics can depress natural rates for multiple decades – SF Fed
Real wages tend to rise gradually for 30 years after pandemics, data stretching back to 1340s shows
Turkey continues easing cycle with 100bp cut
Policy-makers see oil shock creating room for stronger easing
Bank of Mexico cuts rates in emergency meeting
Central bank unveils set of measures to boost liquidity amounting to $30.5 billion, 3.3% of GDP
Riksbank will start buying municipal bonds
Central bank includes new assets in 300 billion kronor purchase programme
MAS to give $88m in grants to Singapore fintech industry
MAS offers grants to fintech firms in bid to help them survive coronavirus shock
Statisticians grapple with inflation impact of Covid-19
Collecting reliable inflation figures during lockdown is not straightforward
Women affected more by job losses in US lockdown – Kansas Fed
Roughly 60% of job losses were to women in the first half of March, researchers find
Fed’s balance sheet increases by 50% since March
Total assets now just shy of $6.4 trillion, a new record high
Martin Galstyan named next Armenian central bank chief
Experienced central banker will inherit below-target inflation and depressed commodity prices
Fed banks ramp up Covid-19 surveying
Real-time and weekly surveys reveal deepening economic fallout
Lowe tells Australians to prepare for biggest contraction since 1930s
Uncertainty and movement restrictions have hampered spending and increased unemployment
IMF announces four more major aid packages
Haiti receives half of IMF funding quota while Moldova, Bolivia and Côte d’Ivoire get 100%
MAS lends support to SMEs through new programme
Ravi Menon says banks are expected to make loans to small businesses at a lower cost
‘Step up to the plate’, New Zealand regulators tell banks
Council of regulators expects banks to deliver lending and affordable customer products
Mass testing ‘would end crisis’ – Bullard
Government should foot bill for Covid-19 test production, Bullard says
BoE and ECB weigh calls to follow US lead on capital relief
European regulators face pressure to exempt sovereign exposures from the leverage ratio
Bank of Mexico rejects president’s request for early funds transfer
Central bank issues rare statement saying it must respect legal procedure for transferring funds
PBoC cuts key rate to record low as Chinese economy shrinks
Chinese central bank extends more emergency liquidity and cuts medium-term rate