Central banks' interest rate cuts and quantitative easing in response to the coronavirus crisis may exacerbate wealth inequality and fuel anti-globalization sentiment, argue Zhiwu Chen and Heribert Dieter of the Asia Global Institute at The University of Hong Kong. Monetary policy interventions that aim to boost financial asset prices primarily benefit those with financial investments, widening the wealth gap between the rich and the poor. Additionally, these actions do little to impact the real economy, and may instead increase risks to the global financial system.