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Friday, 26 June 2020 15:19 WIB

European Central Bank (ECB) President Christine Lagarde, while presenting at an Online Summit organised by the European Business Leaders' Convention, said that we probably have passed the lowest point of the crisis. Additional quotes: Still cautious because of the second wave of infections. Economic recovery will be a complicated matter. Recovery will be incomplete, maybe transformational. We have to use all available policy levers on monetary and fiscal front. This crisis is worse than the 2008-09 financial crisis. The ECB mandate is the same i.e. focus on price stability. The comments...

RECENT NEWS
Fed's Powell: 'Medical Metrics' Most Important Data for U.S. Economy Now: CBS
Monday, 18 May 2020 08:06 WIB |

The most important data for the U.S. economy right now are the "medical metrics around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he outlined the likely need for three to six more months of government financial help for firms and families. In an interview with CBSs "60 Minutes news program, Powell repeatedly returned to health issues as central to the success of a U.S. economic reopening, calling on Americans to "help each other through this by adhering to social distancing rules as state and local governments...

Powell says more policy help may be needed to pull the US out of economic downturn
Wednesday, 13 May 2020 21:03 WIB | Fiskal & Moneter

Federal Reserve Chairman Jerome Powell said Wednesday that policymakers may have to use additional weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused œa level of pain that is hard to capture in words. While he did not specify what those measures are and where they would come from, Powell said the coronavirus has triggered a situation unlike previous recessions the U.S. has endured, and the response may have to be more from Congress than the Fed. He noted the unprecedented strength of the fiscal and monetary measures already taken but...

Australian banks defer payments on $130 billion of loans
Friday, 8 May 2020 09:19 WIB | Ekonomi Australia RBA Fiskal & Moneter

Australia's banks have deferred payments on at least A$200 billion ($130.12 billion) in loans as an economic shutdown to fight the novel coronavirus throws hundreds of thousands out of work and cripples household incomes. The Australian Banking Association on Friday said 100,000 loans had been deferred just in the last week, half of them mortgages, bringing total deferrals to 643,000. Data out earlier in the week showed almost a million jobs had been lost since much of the economy went into lockdown in the middle of March. Most of the major banks have sharply lifted their loss provisions...

Bank of England holds off on fresh stimulus for COVID-hit economy
Thursday, 7 May 2020 13:27 WIB | Ekonomi inggris BOE Fiskal & Moneter

The Bank of England held off from pumping further stimulus into Britains economy on Thursday but two of its nine policymakers voted for an increase in its bond-buying programme. The BoEs Monetary Policy Committee kept Bank Rate at its all-time low of 0.1% and left its target for bond-buying, most of it British government debt, at 645 billion pounds. Both decisions were in line the forecasts of most economists in a Reuters poll. Source: Reuters

Federal Reserve to Expand Reach of Main Street Lending Program
Thursday, 30 April 2020 21:46 WIB | The Fed Federal Reserve

The U.S. Federal Reserve on Thursday said it was expanding the scope and eligibility of its soon-to-launch "Main Street Lending Program to reach a greater range of small- and medium-sized businesses seeking emergency financing to weather the disruption caused by the coronavirus pandemic. The Fed, which announced it was creating the program three weeks ago, said it was making the changes after receiving input from more then 2,000 businesses and individuals. Key changes to the program include lowering the minimum loan size for certain loans to $500,000 from $1 million, expanding the pool...

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FISCAL
Fed's Powell: 'Medical Metrics' Most Important Data for U.S. Economy Now: CBS
Monday, 18 May 2020 08:06 WIB

The most important data for the U.S. economy right now are the "medical metrics around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks...

MONETARY
RBA cuts Official Cash Rate by 25 bps to 0.50%, AUD/USD jumps
Tuesday, 3 March 2020 10:38 WIB

At its March monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) cut its official cash rate (OCR) by 25bps to a record low of 0.50%, as they weighed in the coronavirus outbreak...