Stimulus, QE, Rate Cuts: Coronavirus Fuels Central Banks’ Monetary Easing Policy

The world has been focused on the coronavirus outbreak that’s claimed 105,612 cases and 3,562 deaths to date. The pandemic has caused government leaders to react and central banks are breaking out tools from their arsenal of monetary easing schemes. The world’s central banks say the public health emergency and international concern over the global economy gives them reason to issue helicopter money, print fresh stimulus and cut interest rates significantly.

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Coronavirus Crisis Pushes Monetary Easing to New Heights

The coronavirus pandemic has overshadowed everything. People also don’t realize that the global economy was already facing a recession prior to the outbreak. During the latter half of 2019, news.Bitcoin.com reported on the situation as 37 central banks participated in stimulus and easing practices. Major financial institutions like the U.S. Federal Reserve, the European Central Bank…