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IPFS News Link • Economy - Economics USA

Here Is A Breakdown Of The $12 Trillion In Global Stimulus Passed This Month

•, Tyler Durden

Seen in this light, the only question is whether policymakers have panicked enough in response to the current coronavirus crisis which has ground the global $86 billion economy to a halt.

Addressing this question, BofA has calculated the policy response to date, calculating that so far following the "fastest crash, deleveraging, recession, policy panic in history" global policy makers have not only cut rates 65 times so far in 2020, but also pledged some $12 trillion, $7 trillion in monetary and $5 trillion in fiscal stimulus "to reduce volatility and credit spreads, allowing credit to lead vicious bear market rally." This is as the big five central banks (excluding China) have already bought $13tn of financial assets since Lehman...set to buy further $7tn this year.