Vaccine rally continues, but central banks are more guarded
Thursday 12th November 2020Even though the mark…
NAB Morning Call · NAB - The Morning Call
November 11, 202013m 52s
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Show Notes
Thursday 12th November 2020Even though the markets continue to respond positively to the hope of a vaccine, central bankers seem to be taking a more cautious tone. NAB’s David de Garis said the tone set by the ECB’s Christine Lagarde was one of concern, at their central banker’s conference. The RBNZ also continued to present a dovish outlook – despite New Zealand’s low infection rates – but the expectation of negative interest rates has diminished significantly. There’s push and pull factors at play – on one side the vaccine hopes, on the other, what’ll happen in the meantime, with the virus still raging. The UK reached the sombre milestone of 50,000 fatalities today.
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