March 23, 2020 / 3:19 PM / Updated 4 hours ago

FACTBOX-Global central banks slash rates following coronavirus outbreak

    LONDON, April 8 (Reuters) - Central banks around the world
have slashed interest rates in the past few weeks and have
provided additional stimulus in some cases to try to help
alleviate the threat to the world economy from the coronavirus
pandemic.
    Following is a list of those rate cuts, with the most recent
first. Interest rates are in most cases benchmark policy rates
unless stated otherwise. A brief summary of major additional
stimulus measures follows the table.
   
 Date        Central Bank/country   Rate cut     New rate
 announced                          (bps)        
 08/04/2020  National Bank of               -50        0.50
             Poland                              
 06/04/2020  Bank of Israel                 -15        0.10
 06/04/2020  Bank of Uganda                -100        8.00
 03/04/2020  Central Bank of Sri       Standing        6.00
             Lanka                      Deposit            
                                       Facility            
                                           Rate            
                                            -25            
                                                           
                                       Standing        7.00
                                        Lending  
                                       Facility  
                                           Rate  
                                            -25  
 03/04/2020  National Bank of              -250        9.50
             Kazakhstan                          
 31/03/2020  Central Bank of Chile          -50        0.50
 30/03/2020  Monetary Authority of      Lowered        zero
             Singapore                 slope of  
                                       currency  
                                           band  
 30/03/2020  People's Bank of               -20        2.20
             China                               
                                          7-day  
                                        reverse  
                                      repo rate  
 27/03/2020  Central Bank of                -50        3.75
             Colombia                            
 27/03/2020  Bank of Canada                 -50        0.25
             *******                             
 27/03/2020  Reserve Bank of India          -75        4.40
 26/03/2020  Czech Central Bank             -75        1.00
 23/03/2020  Central Bank of Kenya         -100        7.25
 20/03/2020  Banxico / Mexico               -50        6.50
 20/03/2020  National Bank of               -50        2.00
             Romania                             
 20/03/2020  Bank of Thailand               -25        0.75
 20/03/2020  Norges Bank / Norway           -75        0.25
 19/03/2020  Central Reserve Bank          -100        1.25
             of Peru                             
 19/03/2020  Bank of England                -15        0.10
             ******                              
 19/03/2020  South African Reserve         -100        5.25
             Bank                                
 19/03/2020  Taiwan Central Bank            -25       1.125
 19/03/2020  Bank Indonesia                 -25        4.50
 19/03/2020  Philippine Central             -50        3.25
             Bank                                
 19/03/2020  Reserve Bank of                -25        0.25
             Australia *****                     
 18/03/2020  Central Bank of                -50        3.75
             Brazil                              
 18/03/2020  Bank of Ghana                 -150       14.50
 18/03/2020  Central Bank of                -50        1.75
             Iceland                             
 17/03/2020  National Bank of               -50        1.00
             Poland                              
 17/03/2020  Central Bank of                -25        5.25
             Armenia                             
 17/03/2020  Bank Al-Maghrib                -25        2.00
             /Morocco                            
 17/03/2020  State Bank of                  -75       12.50
             Pakistan                            
 17/03/2020  Central Bank of the    Weekly repo        9.75
             Republic of Turkey            rate  
                                           -100  
                                                 
 17/03/2020  State Bank of Vietnam  Refinancing        5.00
                                           rate            
                                           -100            
                                                           
                                    Discount           3.50
                                           rate  
                                            -50  
 16/03/2020  Central Bank of               -100        2.50
             Jordan                              
 16/03/2020  Central Bank of Chile          -75        1.00
 16/03/2020  Central Bank of Egypt    Overnight       10.25
                                        lending            
                                      rate -300            
                                                           
                                      Overnight        9.25
                                        deposit  
                                      rate -300  
 16/03/2020  Czech Central Bank             -50        1.75
 16/03/2020  Central Bank of           One-week        1.00
             Bahrain                    deposit  
                                      rate  -75  
 16/03/2020  Qatar Central Bank       Repo rate        1.00
                                            -50  
 16/03/2020  Saudi Arabian            Repo rate        1.00
             Monetary Authority             -75  
 16/03/2020  Central Bank of Sri       Standing        6.25
             Lanka                      Deposit            
                                       Facility            
                                           Rate            
                                                           
                                       Standing        7.25
                                        Lending            
                                       Facility  
                                           Rate  
 16/03/2020  Bank of Korea / South          -50        0.75
             Korea                               
 16/03/2020  Bank of Japan ****       No change  Short-term
                                       to rates       rate:
                                                      -0.1%
                                                  Long-term
                                                      rate:
                                                    10-year
                                                  JGB yield
                                                  around 0%
 16/03/2020  Reserve Bank of New            -75        0.25
             Zealand                             
 15/03/2020  Federal                       -100      0-0.25
             Reserve/United States               
             ***                                 
 13/03/2020  Bank of Canada                 -50        0.75
 13/03/2020  Norges Bank / Norway           -50        1.00
 12/03/2020  European Central Bank    -25 TLTRO   -0.75% on
             / euro zone **                rate      TLTROs
                                                           
                                        Deposit       -0.50
                                        rate no      (same)
                                         change            
 11/03/2020  Bank of England /              -50        0.25
             United Kingdom *                    
 11/03/2020  National Bank of               -50        1.75
             Serbia                              
 11/03/2020  Central Bank of                -50        2.25
             Iceland                             
 05/03/2020  Central Bank of                -50        3.50
             Jordan                              
 04/03/2020  Bank of Canada                 -50        1.25
 04/03/2020  Hong Kong Monetary             -50        1.50
             Authority                           
 03/03/2020  Federal                        -50   1.00-1.25
             Reserve/United States               
 03/03/2020  Malaysia                       -25        2.50
 03/03/2020  Reserve Bank of                -25        0.50
             Australia                           
 20/02/2020  Bank Indonesia                 -25        4.75
 20/02/2020  People's Bank of               -10        4.05
             China                               
                                         1-year  
                                     Loan Prime  
                                           Rate  
 06/02/2020  Philippine Central             -25        3.75
             Bank                                
 05/02/2020  Bank of Thailand               -25        1.00
 ******* The Bank of Canada said on March 27 it would acquire
Canadian government bonds in the secondary market. It will begin
with purchases of C$5 billion per week, across the yield curve.

    
****** The Bank of England's Monetary Policy Committee also
voted unanimously for a 200 billion pound increase in the
central bank's bond buying programme to 645 billion pounds.

    
*****  In its first foray into quantitative easing, the Reserve
Bank of Australia set a target for the yield on three-year
Australian government bonds of around 0.25%, which it plans to
achieve by purchases in the secondary market. It also provided a
three-year funding facility to the country's banks at a fixed
rate of 0.25%.
    
**** The Bank of Japan eased monetary policy further by ramping
up purchases of exchange-traded funds (ETFs) and other risky
assets. The central bank also decided to create a new loan
program to extend one-year, zero-rate loans to financial
institutions.
    
*** The Fed also said it would purchase $700 billion of
securities, including at least $500 billion of U.S. Treasuries
and at least $200 billion of mortgage-backed securities.
 On March 23 the Fed said it would expand its asset
purchases by as much as needed to stabilize financial markets.
It also said it would back purchases of corporate bonds,
backstop direct loans to companies and soon will roll out a
program to get credit to small and medium-sized business.

    
** The ECB later added to its existing asset purchase programme
of 20 billion euros a month with a one-off 120 billion euros
this year and another 750 billion euros in a Pandemic Emergency
Purchase Programme, taking the total to about 1.1 trillion euros
this year. TLTROs are Targeted Long-Term Refinancing Operations,
cheap loans to banks. The ECB kept its deposit rate unchanged.

    
* The Bank of England also introduced a new programme for cheap
credit and reduced a capital buffer to help banks to
lend.


 (Compiled by Reuters Polls;
Editing by Catherine Evans)
  
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