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Fed's Evans: Fed was very well positioned but felt rate reduction would help boost confidence

FED'S EVANS SAYS HE THOUGHT FED WAS VERY WELL POSITIONED BUT FELT RATE REDUCTION WOULD HELP BOOST CONFIDENCE GIVEN RISING RISKS, POSSIBLE ECONOMIC WEAKENING.
FED'S EVANS: EXPECTATION IS THAT CORONAVIRUS WILL HAVE A "SHORT-LIVED IMPRINT" ON U.S.
FED'S EVANS SAYS HE EXPECTS PERHAPS A QUARTER OR HALF-YEAR OF SLOWING GROWTH, WITH A 'V-SHAPED' REBOUND.

More to come...

China Securities Journal: PBOC may cut OMO rates this month

China’s Securities Journal announced on early Wednesday that the People’s Bank of China (PBOC) may cut open market operations (OMO) rates this month.
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HKMA announces 50 bps rate cut, USD/HKD pulls back from 13-day low

Following the footsteps of the Fed and the RBA, the Hong Kong Monetary Authority (HKMA) announced a surprise 50 basis points (bps) cut to its base rat
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