Recently, the epidemic situation in many overseas countries has entered a period of rapid growth.
As of 22:59 on March 20th, Beijing time, there were 163 outbreaks in foreign countries and a total of 171,549 confirmed cases, of which 115,716 were diagnosed in Europe. On the 20th, more than 25,000 new cases were diagnosed abroad. It is understood that Italy is currently the country with the most severe epidemic, with a cumulative diagnosis of 41,035 and a total of 3,405 deaths; a total of 19,080 confirmed cases of Spanish new crown pneumonia and a total of 1,002 deaths; and a total of 19,644 confirmed new crown pneumonia cases and 1433 deaths example. There were 3389 new cases in Germany and a total of 17,653 confirmed cases. The number of New Crown cases in New York State increased by 2950 to 7,102.
Based on this situation, the Federal Reserve shot again, saying on Friday that it would facilitate the expansion of the money market, including the purchase of municipal bonds. Use experience money market liquidity tools to expand support for state and city government money markets. In addition, the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank announced synergistic actions to increase the amount of currency swaps and further increase liquidity. The frequency of 7-day USD operations by the European Central Bank and central banks in other major countries has increased from weekly to daily. The Fed said the swap arrangement will start on March 23 and last at least until the end of April.
In addition, the German government plans to provide 500 billion euros in aid packages to companies and banks affected by the epidemic; it also plans to provide a special budget of at least 100 billion euros to respond to the epidemic crisis, and will issue bonds to finance the special budget entirely. The Russian central bank kept the benchmark interest rate unchanged at 6.00%, in line with market expectations. The Bank of Thailand cut interest rates by 25 basis points to 0.75%. The Namibian central bank cut its benchmark interest rate by 100 basis points to 5.25%. The Central Bank of Moldova lowered its benchmark interest rate to 3.25%. The European Central Bank and the Danish Central Bank reached a currency swap agreement that will provide Danish central bank with euro liquidity; increase the currency swap size from 12 billion euros to 24 billion euros. Saudi Finance Minister: Plans to increase the debt ceiling to 50% of GDP, compared with 30% previously; does not want to overuse reserve funds; the debt is not expected to exceed Rial 100 billion.
In terms of personnel mobility, the US government has stated that the United States has suspended all routine visa services around the world due to the spread of the new crown pneumonia epidemic. The U.S. State Department said in a travel proposal that U.S. embassies and consulates will still consider issuing emergency visas if they have enough staff. In addition, according to foreign media reports, Andrew Cuomo, governor of New York State, announced that 100% of unnecessary workers should stay at home, only important businesses can operate, and parties of any size are banned. Cuomo calls it " Suspended New York State. "
