Coronavirus Pandemic Puts Fed on Rapid Route to Zero: Eco Week

Coronavirus Pandemic Puts Fed on Rapid Route to Zero: Eco Week

With central banks - which are also scheduled to hold rate decisions from Switzerland to Brazil to Indonesia this week - running short of policy room, a greater onus is also falling on governments.. 's what happened last week and below is our wrap of what else is going on in the world economy this week.. For more, read Bloomberg Economics' full Week Ahead for the U.S.. On Thursday, central banks in Japan, the Philippines, Indonesia and Taiwan will meet just hours after the Fed's decision is announced.. For more, read Bloomberg Economics' full Week Ahead for Asia. On Wednesday, Brazil's central bank will all but cut its key rate for a sixth straight meeting from the current record-low 4.25%.. Even before factoring in the expected drag on growth from the coronavirus outbreak, Latin America's biggest economy is sputtering and inflation is right at the 4% year-end inflation target.. For more, read Bloomberg Economics' full Week Ahead for Latin America.