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In China, Which had borne the brunt of most of the economic fallout from the Corona virus during the first months of 2020, late Friday, the authorities cut the compulsory reserve ratio for banks for the second time this year.
This was followed by a do The US Federal Reserve To disclose the purchase of treasury bonds worth $ 37 billion, to accelerate the procedures to improve liquidity in the market announced Thursday.
With most advanced economies entering a partial close amid the global spread of the epidemic, Norway and Sweden announced broad stimulus packages during the European trading session.
Meanwhile, the chairwoman was exposed European Central Bank, Christine Lagarde, for criticism after the bank announced relatively modest measures, Thursday, at a time when the Reserve Board was pumping half a trillion dollars in the US banking system.
Sources said that the Japanese government and central bank officials are seriously studying the risks of canceling the Olympic Games, due to be hosted by Tokyo in July, in the context of setting economic expectations for this year, according to Reuters news agency.
The Chinese central bank said it cut the compulsory reserve ratio for banks between 50 and 100 basis points, allowing 550 billion yuan (79 billion dollars) to boost the economy.
The Central Bank of Norway has joined a growing list of monetary authorities that have been reducing borrowing costs in recent days, with an unexpected drop of half a point on its key interest rate. He also offered the first installment in a series of three-month urgent loans devoted to the banking sector.
The Central Bank of Sweden has said it will lend local companies up to 500 billion Swedish crowns ($ 51 billion) through banks to ensure they have credit.
Some companies began hoarding liquidity and withdrawing lines of credit, in an effort to balance the need to pay wages and public expenditures, at a time when their revenues are affected by a decline in daily activity.
And she said "Air France KLM"And, like other major airlines, exposed to global travel restrictions imposed to tackle the virus, it has withdrawn 1.1 billion euros (1.2 billion dollars) in a renewed credit facility.
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In China, which had borne the brunt of the economic fallout from the Corona virus in the first months of 2020, late Friday, the authorities cut the compulsory reserve ratio for banks for the second time this year.
This was followed by the US Federal Reserve’s disclosure of $ 37 billion in Treasury bonds, in a speeding up of market liquidity improvement measures announced Thursday.
With most advanced economies entering a partial close amid the global spread of the epidemic, Norway and Sweden announced broad stimulus packages during the European trading session.
Meanwhile, European Central Bank President Christine Lagarde came under criticism after the bank announced relatively modest measures on Thursday, at a time when the Fed was pumping half a trillion dollars into the US banking system.
Sources said that the Japanese government and central bank officials are seriously studying the risks of canceling the Olympic Games, due to be hosted by Tokyo in July, in the context of setting economic expectations for this year, according to Reuters news agency.
The Chinese central bank said it cut the compulsory reserve ratio for banks between 50 and 100 basis points, allowing 550 billion yuan (79 billion dollars) to boost the economy.
The Central Bank of Norway has joined a growing list of monetary authorities that have been reducing borrowing costs in recent days, with an unexpected drop of half a point on its key interest rate. He also offered the first installment in a series of three-month urgent loans devoted to the banking sector.
The Central Bank of Sweden has said it will lend local companies up to 500 billion Swedish crowns ($ 51 billion) through banks to ensure they have credit.
Some companies began hoarding liquidity and withdrawing lines of credit, in an effort to balance the need to pay wages and public expenditures, at a time when their revenues are affected by a decline in daily activity.
Air France KLM, which, like other major airlines, exposed global travel restrictions to tackle the virus, said it had withdrawn 1.1 billion euros (1.2 billion dollars) in a renewed credit facility.
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