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Lagarde confronts political cost of ECB’s subzero rate policy

Bloomberg “Nobody trusts you,” lawmaker Joerg Meuthen told European Central Bank (ECB) chief Christine Lagarde, switching briefly to English during a tirade in his native German. “You should be aware of that.” The far-right Alternative for Germany representative was railing about negative interest rates — and while enduring bluster is par for the course for ECB presidents, the February 6 ...

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Singapore cuts growth outlook, plans stimulus amid virus threat

Bloomberg Singapore downgraded its forecast for economic growth for this year and plans to deliver a strong budget this week to counter the threat of the coronavirus outbreak on tourism and trade. The Ministry of Trade & Industry on Monday projected growth in a range of -0.5% to 1.5% in 2020, compared with a previous estimate of 0.5% to 2.5%. ...

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Bundesbank warns of virus hit to exporters

Bloomberg German exporters are likely to suffer from the coronavirus outbreak in China that’s threatening to disrupt global supply chains, according to the Bundesbank. In its monthly report presented on Monday, the central bank painted a dire picture of the country’s state of affairs, arguing there are currently no signs that growth momentum will pick up in the first quarter. ...

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