The Dow Jones sank 6.3% to 19,898 as the government’s fiscal stimuli and the Fed’s monetary stimuli futile in shielding the economy from threats of recession mounted investors’ fears. Turning to the domestic realm, investors patiently eye on BI’s monetary stance of its benchmark rate 7-DRRR. A number of economists predict BI to hold dovish stance alike other central banks with the hope of better immunize the economy from the infectious pandemic of Covid-19.
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