Bloomberg Central banks in Asia face increasing calls to cut interest rates as they jump into action against a spiralling coronavirus crisis that’s hammering tourism, travel and confidence across the region. The People’s Bank of China (PBOC) trimmed some interest rates and injected massive liquidity into the financial system to shore up slumping markets. Indonesia’s central bank said it was ...

Bloomberg The European Central Bank (ECB) needs an “understandable, forward-looking and realistic” inflation goal — but not necessarily a higher one, according to Bundesbank President Jens Weidmann. The German staked out his position on the most important part of the ECB’s strategy review for the first time since President Christine Lagarde launched the assessment last month. She was in the ...

Bloomberg Credit Suisse Group AG scrapped its annual Asia investment conference next month as the spread of the deadly coronavirus shows no sign of abating. The Zurich-based lender informed investors on Tuesday it will cancel the conference in Hong Kong, its biggest in the region. “In view of the continued health and safety risks caused by the coronavirus, we have ...