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Deutsche Bank Says ‘Policy Failure Is Here’ Amid Market Turmoil

Photographer: Krisztian Bocsi/Bloomberg
Updated on

Global central banks have no room to fight the crisis caused by the coronavirus outbreak, according to Deutsche Bank AG.

“Policy failure is here,” George Saravelos, the bank’s global head of currency research, wrote in a note. “We disagree with central bank pronouncements that there is room to fight the crisis.”