Rate cuts can’t save the global economy from the coronavirus

But if everyone washed their hands progress could be made.

(From CNBC)

“The idea is deeply ingrained in financial markets that, when there is a major global economic downturn, central banks quickly come to the rescue with aggressive policy rate cuts,” analysts from Japanese bank Nomura wrote in a Thursday report.

“Markets are anticipating the same policy playbook even though this COVID-19-induced economic downturn is different from others,” they added.

Reprinted from: https://www.ac2news.com/2020/03/rate-cuts-cant-save-the-global-economy-from-the-coronavirus/