Coronavirus vs Central Banks
After a G7 call – central bankers loaded with good intentions announcements, the Fed decided to lower its key interest rates by 50bp, apart from the FOMC, a first since 2008 and the bankruptcy of Lehman Brothers. The increasing spread of coronavirus outside Asia is overshadowing global growth projections. In this context, the ECB meeting on 12 March will be particularly well attended and will set the tone for the institution’s responsiveness.