Bloomberg Bank of France Governor Francois Villeroy de Galhau said Europe’s rescue fund should be activated to lend to states struggling with the coronavirus outbreak, a move that could pave the way for further sovereign bond purchases by the European Central Bank. Villeroy’s call comes as euro-area officials consider a plan that would see the European Stability Mechanism set up …

Bloomberg The Bank of Thailand is seeking to backstop market stability after a jump in bond yields stoked concerns that stresses are building up. The monetary authority pledged to ensure sufficient liquidity for markets to function well as it unveiled an emergency interest-rate cut to counter the economic shock of the coronavirus outbreak. Governor Veerathai Santiprabhob and other key guardians …

Bloomberg New Zealand’s central bank has taken the historic leap to quantitative easing to try to limit a looming recession as the negative economic impacts of the coronavirus outbreak intensify. The Reserve Bank will buy up to NZ$30 billion ($17 billion) of government bonds in the secondary market over the next 12 months, it said in a statement on Monday. …