Vaccine rally continues, but central banks are more guarded
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\u2019s David de Garis said the tone set by the ECB\u2019s Christine Lagarde was one of concern, at their central banker\u2019s conference. The RBNZ also continued to present a dovish outlook \u2013 despite New Zealand\u2019s low infection rates \u2013 but the expectation of negative interest rates has diminished significantly. There\u2019s push and pull factors at play \u2013 on one side the vaccine hopes, on the other, what\u2019ll happen in the meantime, with the virus still raging. The UK reached the sombre milestone of 50,000 fatalities today.
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