March 19, 2020

Why Central Banks’ Rate Cuts Have Failed To Impress Amidst Covid-19

Why has the rate cut by the US Fed amid Covid19 concerns led to fear in markets? What are the lessons from history we need to learn? Shankkar Aiyar writes for BloombergQuint.

 

Excerpts: 

 

"Prima facie, the U.S. Fed tipped into political cuckoldom following the persistent criticism by the U.S. President and fuelled fear in the markets... To appreciate one needs to look at crisis structurally - the causation and consequence. The paramount concern is to quell the transmission of the virus and spread of the illness."

 

 

Read the complete article here

In : OP-EDS
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