As the economic and financial market toll of the coronavirus pandemic escalates, central banks have shifted focus from stimulating spending and investment to simply “bridging the gap” and getting households and businesses to the other side of this crisis, Josh Nye from Royal bank of Canada informs. Key quotes “The Fed cut its policy rate by 100 basis points and is restarting QE alongside other measures to support lending.” “The Bank of Canada cut its policy rate by 50 basis points and announced a banker’s acceptance purchase facility.” “The Bank of Japan will increase its asset purchases, including doubling ETF purchases.” “The Reserve Bank of New Zealand cut its policy rate by 75 basis points and said asset purchases could be a next step.” “The Reserve Bank of Australia said it stands ready to purchase assets.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Copper Futures: Rebound long overdue FX Street 2 years As the economic and financial market toll of the coronavirus pandemic escalates, central banks have shifted focus from stimulating spending and investment to simply “bridging the gap” and getting households and businesses to the other side of this crisis, Josh Nye from Royal bank of Canada informs. Key quotes “The Fed cut its policy rate by 100 basis points and is restarting QE alongside other measures to support lending.” “The Bank of Canada cut its policy rate by 50 basis points and announced a banker’s acceptance purchase facility.” “The Bank of Japan will increase its asset purchases, including doubling ETF… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
