Sarb delivers 100 basis point cut in an unscheduled meeting
15 April 2020 | Investments | Economy | Sanisha Packirisamy, Economist at Momentum Investments and/or Herman van Papendorp, Head of Investment Research & Asset Allocation at Momentum Investments
Sanisha Packirisamy, Economist at Momentum Investments
Herman van Papendorp, Head of Investment Research & Asset Allocation at Momentum Investments
Central banks come to the party
Globally, central banks have unleashed a new wave of stimulus to counter the effects of the economic fallout from the COVID-19 pandemic. Even though central banks in the most developed market (DM) economies had little monetary policy ammunition left, they continued to slash interest rates (see chart 1) to cushion their economies against government-ordered containment measures, to curb the spread of infection.
Chart 1: DM interest rates cut further (%)
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