Economics

Emergency Rate Cuts Loom for Asia as Virus Slams Economies

Oil, demand slump add to urgency for interest rate cuts
India, South Korea and Malaysia among those likely to act

Police officers wearing protective masks patrol Incheon International Airport in Incheon, South Korea, on March 9. — Police officers wearing protective masks patrol Incheon International Airport in Incheon, South Korea, on March 9.
Photographer: SeongJoon Cho/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Michelle Jamrisko and Enda Curran

March 10, 2020 at 9:00 PM UTC

Updated on

March 11, 2020 at 10:00 AM UTC

This article is for subscribers only.

Follow Bloomberg on Telegram for all the investment news and analysis you need.

Central bankers across Asia Pacific must consider whether they can afford to wait until their next scheduled policy meetings or respond sooner to mounting global risks from the coronavirus outbreak and oil-price plunge.