Tuesday 23rd March 2020
We are in a world of radical uncertainty, according to former Bank of England governor Mervyn King. That’s clear, as the US Fed announces unlimited QE. NAB’s Ray Attrill says we are entering into the realm of modern monetary theory, as banks and governments do what they must to protect their economy and their populations from the impacts of COVID19. More could be done in the US though, with Congress again failing to pass a stimulus deal, just as the World Health Organisation warms that the global infection rate is escalating.