-
Summary of Deliberations of Governing Council, March 13, 2020
It is customary for the Bank to provide a summary of the deliberations of Governing Council after each interest rate decision. This takes the form of an opening statement at the meetings when we publish an MPR, or a public speech the day after meetings for which there is no MPR. Governing Council’s decision to cut interest rates on Friday, 13 March, 2020 took place in neither of these contexts. Given those unique circumstances, Governing Council is offering this statement of its reasoning from the decision of last Friday, March 13. The macroeconomic situation has been evolving very rapidly as the COVID-19 ... (full story)