ECB sticks with bond buying plans and readies for double dip recession
Friday 22nd January 2021The ECB changed nothing overnight, with President Lagarde saying risks remained on the downside. NAB\u2019s Gavin Friend says German bond yields rose as she suggested the full extent of the \u20ac1.85 trillion Pandemic bond purchase might not be required, although she also said it might, or there might even be a requirement for more. There\u2019s also discussion on the impact of Joe Biden\u2019s first day in office, and Janet Yellen\u2019s words on China and currency manipulation. Australia jobs numbers didn\u2019t disappoint, and today is PMI day, for the UK, Europe and the US.
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