Emergency Fiscal Action Debated to Cushion World Virus Shock

The video discusses recent actions by central banks, including rate cuts by Bangor Malaysia and the RBA, and anticipated moves by Canada. President Trump is urging the Fed to cut rates significantly. The OECD warns of a potential decline in global growth due to the coronavirus outbreak. Governments are under pressure to implement fiscal measures, with Indonesia, South Korea, Australia, and Japan taking steps to support their economies. The BoJ has conducted bond buying, and a G7 finance meeting is upcoming.

Which central bank recently cut its key rate for the second time this year?

• Bank of England

• Bangor, Malaysia

• European Central Bank

• Federal Reserve

What is President Trump urging the Federal Reserve to do?

• Increase interest rates

• Cut rates significantly

• Introduce new monetary policies

• Maintain current rates

What does the OECD warn about in relation to global growth?

• It will remain stable

• It will be unaffected by the coronavirus

• It may fall to levels last seen in 2009

• It will increase significantly

Which country is working on a second tranche of budget supports?

• Australia

• Indonesia

• South Korea

• Japan

What is Japan's government seeking to pass a law for?

• To implement new trade policies

• To increase taxes

• To declare a state of emergency

• To reduce public spending