Central banks deploy record sums to break financial logjam, but may need more [Reuters (UK)]
ROYAL BANK of SCOTLAND (RBS)
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Source: Reuters
Central banks deploy record sums to break financial logjam, but may need more - Reuters 8 Min Read LONDON/BOSTON (Reuters) - Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as investors worried about the economic damage from the coronavirus and made a chaotic dash for the exits. While the intervention helped bring back some order to markets, policymakers may need to do more. Investors, economists and bank strategists said they expect policymakers will have to step in with more support in the coming days to prop up both markets and the real economy - companies losing customers and workers thrown out of jobs. There is a limit for now to how effective authorities can be, however, some said. Before investors calm down, these observers said, they will need to see a peak in new virus infection rates, an improvement in hospitals’ ability to cope with an influx of patients, and an end in sight to the economy-killing quarantin
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