OPINION/EDITORIAL

Maintaining Banking System Safety amid the COVID-19 Crisis

March 31, 2020/IMFBlog This blog is part of a special series on the response to the coronavirus. By Tobias Adrian and Aditya Narain Today we face economic upheaval potentially more severe than we witnessed during the global financial crisis. The coronavirus pandemic is a different kind of shock. Never before […]

Coronavirus to Weaken Eurozone Fiscal Positions amid Recession-Fitch

March 30, 2020/Fitch Ratings The following comment, originally published on 20 March 2020, misstated Greece’s sovereign rating in the seventh paragraph. This has been corrected and all other text is unchanged. The ECB’s EUR750 billion bond-buying reduces refinancing risk for eurozone sovereigns and will help facilitate their fiscal responses to […]

Stimulus in a time of austerity

March 30, 2020/Coronation Report Last week the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its Monetary Policy Rate (MPR) at 13.50%, thus becoming one of the few central banks in the world not to signal (and the MPR is to some extent a signal – […]