Major central banks to maintain ultra-low interest rates in 2021 – Bloomberg central bank outlook

Bloomberg's latest quarterly review of the monetary policy covering 90% of the world economy states that major western central banks such as the Federal Reserve and European Central Bank are likely to maintain ultra-easy monetary policy this year despite expectations for coronavirus-vaccine-led global economy recovery. 

That should bode well for gold, a store of value asset, and weigh over safe havens like the US dollar. 

While western central banks are expected to maintain the status quo, central banks in China, India, Russia, and Mexico are predicted to cut rates.


 


 

Gold Price Analysis: XAU/USD pulls back from two-month highs, but bias remains bullish

Gold is currently trading near $1,938 per ounce, representing a 0.20% decline on the day. Prices clocked a high of $1,946 early today. That was the hi
อ่านเพิ่มเติม Previous

EUR/GBP bid as UK battles new coronavirus variant

Sterling is losing ground against its Eurozone counterpart, pushing EUR/GBP higher, with the UK imposing stricter restrictions to control the spread o
อ่านเพิ่มเติม Next