Federal Reserve chairman Jerome Powell said he is prepared to act if the trade wars have any impact on the US economy. Photo: AFP

Central banks set to flood market with cheap loans as trade war threatens to plunge global economy into recession

  • Analysts expect central banks in the US, India, Indonesia, South Korea and Malaysia to ensure ample liquidity if their economies show signs of weakening
  • Traders expect a 70 per cent chance of a US rate cut in July; Hong Kong’s Linked Exchange Rate System to ensure HKMA moves lockstep with the Federal Reserve
Topic |   Hong Kong Monetary Authority (HKMA)

TOP PICKS

Federal Reserve chairman Jerome Powell said he is prepared to act if the trade wars have any impact on the US economy. Photo: AFP
READ FULL ARTICLE