G7 after meeting statement from this morning:
Washington – “We, G7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions.
Given the potential impacts of COVID-19 on global growth, we reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside risks. Alongside strengthening efforts to expand health services, G7 finance ministers are ready to take actions, including fiscal measures where appropriate, to aid in the response to the virus and support the economy during this phase. G7 central banks will continue to fulfill their mandates, thus supporting price stability and economic growth while maintaining the resilience of the financial system.
We welcome that the International Monetary Fund, the World Bank, and other international financial institutions stand ready to help member countries address the human tragedy and economic challenge posed by COVID-19 through the use of their available instruments to the fullest extent possible.
G7 Finance Ministers and Central Bank Governors stand ready to cooperate further on timely and effective measures.”
"The coronavirus poses evolving risks to economic activity," says the Fed, announcing an emergency 50-basis point cut in the Fed Funds rate to a range of 1%-1.25%."The Committee is closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy."
The Hong Kong Monetary Authority cut its benchmark interest rate in line with the U.S. Federal Reserve. The HKMA on Wednesday lowered its base rate to 1.50% from 2.00% in step with the Fed ’s move according to a “pre-set formula”. ---Bloomberg
Economists from six out of 10 primary dealers of Canadian government securities told The Wall Street Journal they anticipate the Bank of Canada will cut its benchmark overnight interest rate by a quarter percentage point, to 1.50%, at a scheduled announcement Wednesday. ---Wall Street Journal
Bank of Japan Gov. Haruhiko Kuroda issued a statement Monday, after an early plunge in share prices, saying the central bank “will closely monitor future developments, and will strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases. " On Friday, the BOJ issued plans for purchases of assets for the coming weeks: the central bank already buys tens of billions of dollars' worth of government bonds and other assets each year as part of its aggressive efforts to maintain cheap credit to help prevent deflation .---Market Watch
As the fears of the coronavirus continue to rise, the Bank of England ’s Mark Carney said his central bank would take ‘all necessary steps to support the UK economy and financial system.’ ---yahoo.com
Christine Lagarde, president of the European Central Bank, said the central bank is ready to act to support the economy amid the spreading. The European Central Bank will respond to the Federal Reserve's “decisive” interest rate cut with easing of its own, according to Commerzbank. ---Bloomberg
后市美国主要股票指数期货上涨：
今早G7会议结束后的声明：
华盛顿–“我们，七国集团财政部长和中央银行行长，正在密切监视2019年冠状病毒病（COVID-19）的扩散及其对市场和经济状况的影响。
鉴于COVID-19对全球增长的潜在影响，我们重申承诺使用所有适当的政策工具来实现强劲，可持续的增长并防范下行风险。除了加强扩大卫生服务的力度外，七国集团财长还准备采取行动，包括酌情采取财政措施，以帮助应对这一病毒并在此阶段支持经济。七国集团（G7）中央银行将继续履行其职责，从而在保持金融体系弹性的同时，支持价格稳定和经济增长。
我们欢迎国际货币基金组织，世界银行和其他国际金融机构随时准备通过尽可能利用现有工具，帮助成员国应对COVID-19所造成的人类悲剧和经济挑战。
七国集团财长和央行行长随时准备就及时有效的措施进一步合作。”
。美联储宣布将联邦基金利率紧急下调50个基点，利率幅度在1％-1.25％之间。美联储表示：“冠状病毒对经济活动构成发展的风险。”“委员会正在密切监视事态发展及其对经济前景的影响，并将使用其工具并酌情采取行动支持经济。
。随着美国联邦储备委员会（Federal Reserve）降低基准利率，香港金融管理局周三将其基准利率从2.00％降至1.50％，这与美联储根据“预设公式”采取的举措同步。 ---彭博
。来自加拿大政府证券的10个主要交易商中的6个经济学家告诉《华尔街日报》，他们预计加拿大银行将在周三宣布将基准隔夜利率降低25个百分点，至1.50％。- - -华尔街日报
。日本央行行长黑田东彦（Haruhiko Kuroda）周一在股价暴跌后发表声明，称日本央行“将密切监视未来的发展，并将努力通过适当的市场运作和 购买资产提供充足的流动性并确保金融市场的稳定。周五，日本央行发布了未来几周的资产购买计划：日本央行已经每年购买价值数百亿美元的政府债券和其他资产，作为其为维持廉价信贷而积极努力的一部分，以帮助防止通货紧缩.---市场观察
。随着人们对冠状病毒的担忧持续上升，英格兰银行行长马克·卡尼（Mark Carney）表示，他的中央银行将采取“所有必要步骤来支持英国的经济和金融体系。”--- yahoo.com
欧洲央行行长克里斯蒂娜•拉加德（Christine Lagarde）表示，央行愿意在病毒蔓延的情况下采取行动支持经济。根据商业银行的说法，欧洲央行将对美联储的“果断”降息做出回应，并会自行实行宽松。 ---彭博
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