Equities under pressure as central banks try coming to the rescue
Federal Reserve slashes interest rates in emergency move and its big peers offer cheap US dollars
16 March 2020 - 07:38
Sydney — Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap US dollars to ease a ruinous logjam in global lending markets.
The Bank of Japan was holding an emergency meeting of its own to discuss new stimulus measures, though options are limited given rates are already negative...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.