But warns that the coronavirus outbreak impact is likely to hit German exporters in its monthly report
- German exporters likely to suffer from coronavirus outbreak in China
- The virus impact threatens to disrupt global supply chains
- It poses a 'cyclical downside risk' for Germany
- A temporary decline in overall Chinese demand could damp German export activity
It is a bit of an interesting assessment as they continue to negate and brush aside the potential implications that the virus outbreak could have for now.
I wouldn't be so sure to underplay those risks but then again, the role of central banks these days have shifted towards pacifying the market more than anything else.