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The coronavirus outbreak is proving to be stronger than any measures taken by governments and central banks.In another surprise move, the US Federal Reserve slashed its interest rates to zero on Sunday and added a sweetener by expanding its balance sheet by $700 billion to purchase Treasuries and mortgage-backed securities.China’s PBOC also made a surprise move on Friday with a fresh round of liquidity injections. The central bank cut its reserve requirements for banks to free up $79 bn in funds to support companies hit by the outbreak. Meanwhile, the Bank of Japan was the last to... Read More
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