UK empties the glass, but markets still half full
Monday 13th December 2021Markets were trading last week on the basis that the Omicron variant was not as lethal as the Delta strain, even though infections were spreading rapidly. NAB\u2019s Ray Attrill says that\u2019s been the view with central banks too, who are more concerned about inflation than and further impacts from COVID. That said, rising cases in the UK will almost certainly stop the Bank of England from raising rates this week, whilst the FOMC is expected to shorten its taper timeline, finishing in March. It\u2019s a busy week for central banks and more data on Omicron will influence the direction too. Starting with a press conference from the UK\u2019s Prime Minister (for now) shortly after the release of this podcast.
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