For more information please contact us
ashmail [at] ashmoregroup [dot] com (Email Ashmore)
China eases monetary and fiscal policy to counterbalance the negative impact of the coronavirus
Weekly investor research
10 February 2020
China unveiled targeted and sizeable monetary and fiscal measures to smooth the impact of the coronavirus. The province of Buenos Aires fully repaid its obligations as the federal government unveiled a timeline for sovereign debt re-profiling. Moody’s downgraded Ecuador’s credit rating to Caa1. Brazil, Thailand, Philippines and Russia cut their policy rates by 0.25% each. India kept rates stable but improved the monetary transmission channel to the economy. The Czech Republic hiked the policy rate by 0.25%. The Romanian government collapsed, but President Klaus Iohannis reappoints Prime Minister Ludovic Orban.