JAKARTA/HONG KONG -- Economic infection from the new coronavirus has pushed some central banks in developing Asia to cross the Rubicon and buy bonds directly from governments.
Economy
Indonesia and Philippine central banks cross the Rubicon
Monetary authorities break taboo by buying bonds from primary market
Julius Caesar crossed the Rubicon river into Italy on his return from Gaul, precipitating the Roman Civil War. Central banks in Southeast Asia are also seen to be crossing the metaphorical point of no return. (Nikkei Montage/Source photo by Getty Images)
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