Bloomberg India’s central bank may follow up on its generous funding offer to banks with another unconventional measure as it seeks to boost lending to the real economy. The authority may unveil another European Central Bank-(ECB) styled facility called Targeted Longer-Term Refinancing Operations to expand credit to businesses and households, after concluding an ongoing program to lend $14 billion at ...

Bloomberg For a government with a lot of debt, timing is everything when it comes to embarking on a fiscal splurge, according to research by the European Central Bank (ECB). Interest rates at the effective lower bound can enhance the impact of a public-spending shock on the economy and largely mute debt-sustainability concerns, Niccolo Battistini and Giovanni Callegari wrote in ...

Bloomberg South Africa’s rand headed for a near-four-year low, stocks entered a correction and bonds slumped as concerns about a looming credit-rating downgrade to junk compounded fears about the effect of the coronavirus on the country’s economy. The stampede away from risk assets hammered commodities from oil to copper and iron, driving the Bloomberg Commodity Index to a 33-year low ...