ECB's Governing Council member de Cos: The shock from coronavirus crisis will last longer than initially expected

Market news

18 May 2020

ECB's Governing Council member de Cos: The shock from coronavirus crisis will last longer than initially expected

ECB has to act to avoid fragmentation among Eurozone countries
The European response to coronavirus crisis has been insufficient
Coordinated fiscal response is needed
Premature withdrawal of emergency fiscal measures would increase risk of more durable hit to economic growth

China's oil demand is all but back to levels last seen before nationwide coronavirus lockdown measures were imposed - Bloomberg reports, citing people with inside knowledge of the country's energy industry

New Zealand: RBNZ is about to kill the NZD - Nordea

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