FILE PHOTO: The logos of Swiss banks UBS and Credit Suisse are seen at branch offices in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann/File Photo
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Deepening negative rates would do more harm than good: ex-BoJ deputy governor Mutoh
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan has nearly exhausted its policy ammunition to boost the economy as deepening negative interest rates, seen as the most likely step if it were to expand stimulus, will do more harm than good, former BOJ Deputy Governor Toshiro Mutoh said. Under a […]
U.S. deficit to soar to record $3.8 trillion in 2020, budget watchdog group says
WASHINGTON (Reuters) – A steep economic downturn and massive coronavirus rescue spending will nearly quadruple the fiscal 2020 U.S. budget deficit to a record $3.8 trillion, a staggering 18.7% of U.S. economic output, a Washington-based watchdog group said on Monday. Releasing new budget estimates based on spending mandated by law, the Committee for a Responsible […]