World-threatening coronavirus cases are causing serious concerns and panic in the global economy day by day. This situation causes sales in the markets.
World-threatening coronavirus cases are causing serious concerns and panic in the global economy day by day. This situation causes sales in the markets.
While the virus, which caused a serious drop in expectations in the last two months, is still effective, markets started to fall apart next week after A. Arabia announced that it would decrease oil prices and increase production after the dispute with Russia. Sales in Asian and European stock markets exceeded 6%, while bonds were at record low levels.
The Fed, which went to cut interest rates in order to prevent and support fear and anxiety in the markets, announced that it will increase the number of overnight and forward repo transactions today. With the New York Fed board decision, the amount of cash to be placed on the market for overnight transactions is increased from $ 100 billion to $ 150 billion, starting from today, until March 12, while the amount from $ 20 billion to at least 45 billion in 14-day repo transactions on March 10 and March 12. It was removed.