Thursday 12th March 2020
The Bank of England and the UK government launched a coordinated approach on tackling COVID-19, with an emergency rate cut and fresh fiscal stimulus. Today measures are expected from the Australian government, and tonight the ECB will announce their moves, but when can we expect fiscal measures from European governments? And what about the US? Phil Dobbie talks to NAB’s David de Garis about the latest market news, as the WHO finally declares the virus a pandemic. And oil prices continue to fall, with inventories in the US much higher than expected. Another day of concern, for traders, businesses and the public.