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This Article is From Jan 30, 2020

Fed’s Inflation Strategy, BOE Holds, Virus Fallout: Eco Day

(Bloomberg) --

Welcome to Thursday, Americas. Here's the latest news and analysis from Bloomberg Economics to help get your day started:

  • Federal Reserve Chairman Jerome Powell signaled that the central bank would pull out the stops to combat a global disinflationary downdraft, foreshadowing a potential shift toward an easier monetary policy over time. Here's Bloomberg Economics' analysis of the U.S. central bank's latest statements
  • Brazil ended 2019 with the strongest budget result in five years, but its goal of systematically lowering the debt burden is at least three years away and ridden with uncertainty
  • Bank of England kept interest rates on hold in Governor Mark Carney's final meeting.
  • Ukraine's central bank made its fifth straight cut to eastern Europe's highest interest rates.
  • China is expected to unveil efforts to cushion the economic blow from coronavirus, with the central bank set to keep liquidity ample and the government likely to step up spending. Speaking about the outbreak, Powell said its impact could spill wider although it was too early to judge the impact on the U.S.
  • The way Uruguay's president-elect sees it, his government will face a couple of problems: too few residents and too little investment. Well, why not make the country so attractive to well-heeled foreigners that they'll pack up and move there, solving both with one blow?
  • The world's largest central banks are getting louder about climate change risks, and some of them are even starting to do something about it. Our QuickTake
  • Finally, don't miss this week's episode of the Stephanomics podcast

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Brendan Murray

©2020 Bloomberg L.P.

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