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ECB’s Knot says low rate policy risks becoming counterproductive
AMSTERDAM (Reuters) – Interest rates in the euro zone could remain historically low for years, but the European Central Bank’s (ECB) ultra-loose monetary policy risks becoming counterproductive, ECB governing council member Klaas Knot said in an interview published on Monday. “I do not have a crystal ball, but I cannot rule out that the current […]
European stocks back in red as virus spread feeds recession fears
By Ambar Warrick and Sagarika Jaisinghani (Reuters) – European shares fell again on Monday as the continued spread of the coronavirus fed into panic over its economic shock, with a recession in 2020 looking likely. The benchmark STOXX 600 index <.STOXX> ended 4.3% lower, erasing nearly all of its gains over the past two days, […]
White House likely to advise people in coronavirus hot spots to wear masks
WASHINGTON (Reuters) – The White House is expected to issue guidance for people in areas hard hit by the coronavirus to wear face coverings to help stop the spread of the disease, an administration official said on Thursday. The announcement was not planned for Thursday, the official said, and would be targeted at areas with […]