How coronavirus could be perfect cover for covert QE

The coronavirus panic is a perfect reason for central banks to push their stimulus efforts further – even though many of them would be seeking to expand their balance sheets regardless.

That is according to Michael Howell, liquidity expert and founder of CrossBorder Capital.

Speaking at Citywire Fixed Income 2020, Howell said many central banks, namely the People’s Bank of China, have ‘sloshed’ large amounts of cash into markets citing the coronavirus but he believes they were going to do it anyway.