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3 Mar 2020

ECB's Holzmann: Would currently not support interest rate cut to help curb coronavirus effects

European Central Bank (ECB) Governing Council member and head of the Austrian Central Bank, Robert Holzmann, on Tuesday said that he would currently not support an interest rate cut to help curb the coronavirus effects on the economy.

When asked whether a TLTRO was an option to help businesses hit by coronavirus outbreak, Holzmann said that it was definitely an area that will be under consideration but added there was no urgency at the moment.

EUR/USD reaction

The EUR/USD pair edged lower after these comments and was last seen trading at 1.1110, down 0.2% on the day.

 

Mar 3, 2020

BoE's Tenreyro: Important to highlight that we were not in a rush to raise interest rates

"We have a very tight labour market but this is not the only factor for inflation," Bank of England (BoE) policymaker Silvana Tenreyro explained on Tu
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Mar 3, 2020

US Pres. Trump: Fed should ease and “cut rate big”

US President Donald Trump noted that the Reserve Bank of Australia lowered its policy rate to 0.5% to battle the economic slowdown amid the coronaviru
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