IMF's chief economist Gopinath: Rate cuts and monetary stimulus may instill confidence but likely effective only after business conditions normalize

Market news

9 March 2020

IMF's chief economist Gopinath: Rate cuts and monetary stimulus may instill confidence but likely effective only after business conditions normalize

Virus stimulus should be targeted for cash transfers, wage subsidies and tax relief
Governments need 'substantial' targeted measures to combat economic drag from virus
Central banks should be ready to boost liquidity and other lendings to small business
Governments should consider temporary loan guarantees

Before the bell: S&P futures -4.90%, NASDAQ futures -4.82%

U.S.: Fed going down to 0% - Danske Bank

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