How Central Banks Helped Economies in the COVID-19 Crisis

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Many traders, especially retail ones, often wonder what the role of a central bank is in fostering economic growth. Besides raising or cutting the interest rates in an economy, central banks are responsible for the overall monetary policy, and their actions often spark controversies.

During the COVID-19 pandemic, central banks went the extra mile and provided economies with excess liquidities to help ease the economic strains. Almost all central banks used unconventional monetary policies that…

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