International stock markets are registering increased volatility spurred by the fears of the second wave of the pandemic. A negative sentiment was added by an escalation in the relations between the US and China and a statement made by the FRS chair that the economic crisis was likely to continue and the economic recovery was likely to take a lot of time, which may require new monetary incentives. At the same time, the FRS chair also made it absolutely clear that the regulator did not plan to lower interest rate below zero.  

Financial markets survey18.05.2020