January 28, 2021/IMFBlog By Vitor Gaspar, Raphael Lam, Paolo Mauro, and Mehdi Raissi The COVID-19 pandemic is accelerating in many countries and uncertainty is unusually high. Decisive government actions are necessary to ensure swift and extensive vaccine rollouts, protect the most vulnerable households and otherwise viable firms, and foster a […]
OPINION/EDITORIAL
Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction
January 27, 2021/IMFBlog By Tobias Adrian and Fabio Natalucci “The vaccines are here!”—the cry heard and welcomed the world over—has boosted hopes of a global economic recovery in 2021. Yet until vaccines are widely available, the market rally and the economic recovery rest on continued monetary and fiscal policy support. […]
MPC: Carry on for Another Two Months or More
January 27, 2021/Proshare by FBNQuest Research The monetary policy committee (MPC) yesterday voted unanimously to hold its policy rate at 11.50% and left its other parameters unchanged. This was the expectation of the vast majority of analysts surveyed including ourselves. The committee notes with alarm the spike in headline inflation, […]
