Cash and Low Rates: How G-20 Policy-Makers Are Stepping Up (1)

Governments and central banks across the world are ramping up efforts to counter the economic shock from the coronavirus outbreak. From interest rate cuts to support for companies and households, officials are seeking to limit the depth and duration of an anticipated global recession.

“Whatever it takes,” has become a familiar refrain from leaders and central bankers. The stimulus pledged globally is $3 trillion and growing. Even so, it’s difficult to ascertain exactly how and when this money will filter through to where it really counts and start to have an effect. Meanwhile financial markets remain highly volatile and the ...