Spain’s Support Fund, Czech Rates, Japan’s $2 Trillion: Eco Day

Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • Spain’s central bank is nudging the government to expand its $113 billion state-backed loan guarantee fund
  • Czech policy makers are set to halt their steepest-in-EU rate cuts in today’s decision
  • Sweden’s light-touch approach to managing the virus outbreak offers some lessons for elsewhere in the post-lockdown world, Bloomberg Economics analysis shows
  • The Reserve Bank of New Zealand held interest rates Wednesday while pledging to deliver more stimulus as needed
  • The Bank of Japan is signaling that its initial crisis response is done for now, according to opinions from last week’s policy meeting; meanwhile, a big chunk of the government’s more than $2 trillion in aid is stuck in administrative limbo
  • One measure of economic “misery” points to trouble for President Donald Trump’s re-election prospects

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